PO Box 808, Turramurra NSW 2074

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Fringe Benefit Tax (FBT)

To deliver a great product or service and drive business growth, you must attract and retain top talent. A common strategy to boost motivation and engagement is to offer employees financial incentives beyond their remuneration.

These benefits include giving employees a car, low rates of interest on loans, private expenses reimbursement and other benefits they will appreciate.

If and when you offer fringe benefits, you must also be aware of the tax obligations that come with them. Fringe Benefits Tax (FBT) refers to the tax employers have to pay for these extra benefits and is based on the taxable value of each fringe benefit provided.

How we help:

  • Estimating your FBT liability
  • Registering for FBT
  • Bookkeeping and maintaining FBT records
  • Reporting the benefits of payment summaries
  • Accurate advice on the exempted benefits
  • Preparing and reviewing of FBT returns

If you offer fringe benefits, but don’t have the time or in-house talent to assess your FBT, please contact us. We will calculate the FBT liability in time prior to lodging your FBT return at the end of each FBT year (starting 1 April and ending 31 March).

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Our prices are fixed and there are no hidden charges to worry about.
Fringe Benefit Tax (FBT) Return
From
$300
plus GST
Review benefits provided subject to FBT, apply exemption, calculation of tax, preparation of the required reports and declarations, lodgment with the ATO
Contact Us
Payroll Tax reconciliation and reporting to the OSR
From
$250
plus GST per report
Review expenditure subject to Payroll Tax, calculation and lodgment with the OSR
Contact Us
Employee salary reconciliation and PAYGW reporting
$200
plus GST per BAS
Reconciliation of salary, superannuation and PAYGW for each employee, reporting to the ATO
Contact Us
Bookkeeping
From
$20
plus GST per hour
Data entries, bank reconciliation, payroll and employee records, etc
Contact Us