FBT Update and Lodgement Reminder

Current as of April 2016   As an employer if you have provided Fringe Benefit Tax (FBT) ¬†benefits to your employees (including their associates) this FBT year, you may be required to pay fringe benefits tax. Example of FBT benefits include a company car, private health insurance cover, holidays, low interest loans, meals and entertainment. If your business has previously … Read More

FBT Planning for the 31 March year end

Current as of March 2015 The FBT period ending 31 March 2015 is about to wrap up this month and employers will be gearing to have the FBT return completed and ready for lodgement (usually on 21 May). To assist you with completing the FBT return and collating the relevant information, please find below a list of key things to … Read More

Christmas gifts & events

Current as of December 2014 It is almost that time of year and we thought we should again highlight the tax and Fringe Benefits Tax (FBT) side of the various Christmas benefits that may arise. The area is quite complex but in general terms the rules for a taxable employer are; Staff gifts such as a bottle of wine, gift … Read More