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Fringe Benefits Tax laid bare

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Providing sweeteners to your team is a key part of attracting and retaining top employees. But company cars, Friday night drinks, health insurance and the like can bring tax implications with them.

Do you know how to correctly account for a vehicle you provide to an employee? Do you hold a Christmas function for your staff and expect to claim the cost as a tax write off? Maybe you provide a telephone or pay for something else on their behalf, do you know your obligations? Over the last couple of years, Fringe Benefits Tax (FBT) has seen an increased focus from the Australian Tax Office (ATO) tripling their revenue generated from it.

This session is aimed at businesses that provide benefits to employees such as the above to ensure you are aware of your obligations. We will examine FBT myths, provide tips and tricks for reducing any potential liability and help improve your record keeping to ensure compliance. We will look at some real life examples of how the ATO approach their compliance activities, and how to avoid the same thing happening to you.

Tea, coffee and nibbles provided. Please RSVP for catering purposes.

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