Home | Articles | Understanding Fringe Benefits Tax in Australia Employers often provide perks like cars or loans as part of a total compensation package. However, the Australian Taxation Office (ATO) imposes a Fringe Benefits Tax (FBT) on certain employee benefits....
FBT for Small Business: What You Need to Know to Stay Compliant
Home | Articles | FBT for Small Business: What You Need to Know to Stay CompliantAs a small business owner, you're probably familiar with the various tax obligations that you need to comply with. One such obligation is Fringe Benefits Tax (FBT), which can be a little...
Are there any Special Covid-19 Exemptions for FBT?
You may provide your employees with benefits you do not usually provide because of COVID-19. This includes paying for items that allow your employees to work from home.
Applying the Minor & Infrequent benefits Exemptions
Many employers are unknowingly falling foul of the FBT regime through an incorrect interpretation of the minor and infrequent exemption allowed for benefits that cost less than $300.