There is a wide array of benefits that can attract the payable FBT. Therefore, it is essential for the employers to know where they need to pay additional tax for the benefits that they provide their employees with, and where they are exempted. It is also highly important to consider if the FBT is an additional cost of employment or it is factored into the overall remuneration package rolled out to the employees.
This is where our experts help.
- Annual FBT lodgements
- Review of the benefits that are provided to the employees and if FBT is applicable or not
- Review of the proposed benefits or employment arrangements provided, for instance home allowance provided to the employees living away from their home.
- Assistance with documentation for mitigation of FBT exposure for the businesses
- Assistance with FBT reporting for any other payroll related issues, like work cover and payroll tax.