Each year businesses need to lodge a Fringe Benefits Tax Return to show the ATO their FBT tax liability.
If your registered tax agent is preparing this on your behalf you have until May to prepare and lodge this each year.
FBT is payable on certain benefits you provide to your Directors and Employees and can include:
- Loans granted
- Debt waivers
- Expense payments
- Living away from home allowance
- Car Parking
- Meals entertainment
FBT rules change regularly, so it’s important to understand your obligations each year to get your FBT return calculated correctly.
PJT Accountants can assist to ensure your return is accurate, and you’re calculating this in the best way possible. We may offer advice to help you lessen the amount of FBT you pay moving forward.
Talk to PJT's specialists today about how we can help you and your business.
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