FBT Checklist 2021

FBT Checklist 2021

To make sure you don’t miss any vital fringe benefits tax items, here is a comprehensive checklist PLEASE CLICK HERE TO DOWNLOAD OUR FBT CHECKLIST 2021

Staff training costs deductible, but beware FBT

One of the recognised keys to business success is having knowledgeable, efficient and well-trained staff. But it is not always possible (or is indeed rare) to have potential staff walk in off the street who are a 100% perfect fit. People employed at any business will...

Three-quarter FBT year compliance check-up

As the FBT year runs from 1 April to 31 March, the months of October to December marks the “third quarter” of the FBT year, and so here is an overview of the FBT elements that can attract the ATO’s attention. This can be a timely period for a compliance check-up, so...

Third party FBT danger – what to look for

Where some businesses have tripped up in the past is where the source of benefits provided is not clear cut — that is, where non-cash components of remuneration are sourced not directly from an employer, but from an associate, a related company or from a third-party...