by wladvisory | Feb 17, 2025 | Fringe Benefit Tax
2025 FBT obligations for employers: Your Essential Checklist With the FBT return deadline fast approaching, it’s important for employers to understand where fringe benefits may apply within their business. While your accountant will usually handle the...
by wladvisory | Nov 7, 2023 | Fringe Benefit Tax
Is that ute really exempt from FBT? Introduction Recent media reports suggest the ATO may have concerns that some tradies could be taking liberties with the FBT exemption available for utes and panel vans where private use is claimed to be minimal. Utes have...
by wladvisory | Oct 24, 2023 | Fringe Benefit Tax
Getting the most benefit from fringe benefits. Introduction The most cost-efficient benefit an employer can give an employee is one that is both deductible for income tax purposes and exempt from Fringe Benefits Tax (FBT). One such type of benefit is the...
by wladvisory | Feb 9, 2023 | Fringe Benefit Tax
FBT and car logbooks With the end of the FBT year approaching, are your car logbooks in order? Requirements The operating cost method is used by many employers to calculate their car FBT liability. This method is particularly effective where the business use of the...
by wladvisory | Jan 10, 2023 | Fringe Benefit Tax
FBT exemption for electric vehicles Introduction Electric vehicles are set to become more affordable for both households and businesses after the government sealed a deal with crossbench Senators on legislation to exempt low and zero emission cars from fringe benefits...
by wladvisory | Jun 3, 2021 | Fringe Benefit Tax
Understanding novated leases, FBT and claims for work-related car expenses A novated lease is a popular way for employers to reward and incentivise their staff. Through a salary sacrifice arrangement that includes a novated lease, employees are provided with a vehicle...
