FBT basics

If you’re an employer and you provide benefits to your employees over and above their salary or wage (fringe benefits), you may need to pay FBT.

What is FBT?

While the cash benefits you give employees (eg salary or wages) get taxed through income tax, the non-cash benefits don’t.

FBT was introduced to tax these non-cash benefits (fringe benefits).

Now, all employee benefits – both cash and non-cash – get taxed equally, no matter how they’re provided. It keeps things fair.

FBT Management

The rules for FBT payments change on a regular basis. We keep up to date with the latest tax trends, enabling us to provide accurate advice on preparing FBT returns. We can also advise on the FBT consequences of proposals you intend to make, ensuring you make informed decisions.

Rather than paying excessive amounts of FBT, let the experts answer your tax queries. We can help you develop and complete the administration for a cost-effective employee benefit plan.

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