What is Fringe Benefit Tax (FBT)? A fringe benefit is a benefit provided in respect of employment. This effectively means a benefit provided to an employee (or their associate) because they are an employee. An example of a fringe benefit being provided to an employee may be one of the following: Allowing your employees to…
Advivo Accountants and Advisors explain the requirements of an FBT exempt vehicle… does yours measure up? Published: February, 2020 Updated: March, 2025 My ‘ute’ is FBT exempt right? Wrong. Well… not necessarily anyway. As business advisors in Brisbane, we often come across small business owners who have been told they should buy a…
Advivo Business Advisors and Accountants share some strategies you can use to reduce your FBT Fringe benefits tax (FBT) is separate from income tax and is imposed only on employers. It is applied to the value of non-cash benefits provided by an employer that are paid in place of wages or salary to an…
Advivo shares the importance of month-end processing and how it can impact your business’ finances and growth… Advivo can help you run your business successfully, with effective cashflow and no year-end surprises, just by moving your business to one of our monthly or quarterly service programs. Monthly account reviews, management and support weed out any…
Advivo Accountants and Advisors share some of the best strategic tools to take your business to the next level! In light of our upcoming event ‘Your Strategic Planning Toolkit Explained’ Advivo shares some of the tools that will be discussed in the evening. 1. One-Page Strategic Plan One-page strategic plans are one of the most…
Advivo Accountants and Advisors answers some of the common FAQs to help you prepare for the FBT season… If you are providing certain benefits to your employees or you are receiving certain benefits as a director of a company (or trustee of a trust), you may be subject to FBT. To help, Advivo has answered…
Advivo Business Advisors and Accountants share a great way to make things easy for employers and employees alike! Trying to keep paper logbooks are time-consuming hassles that take up space. Make life easier for yourself and go the digital route. There are so many easier options out there than hard copy logbooks; numerous apps are…
What is Fringe Benefits Tax or FBT? A fringe benefit is a benefit provided in respect of employment, essentially a benefit provided to an employee (or their associate) because they are an employee. An example of a fringe benefit being provided to an employee may be one of the following: Allowing your employees to use…
It’s hard to believe the first quarter of 2018 is almost gone! And yes, that means those dreaded fringe benefits tax returns are due again. Are your log books up to date? Do you know exactly what you need to do? See the following article on FBT basics for all you need to know. We…
Fringe Benefits Tax Lodgment Information The Fringe Benefits Tax (FBT) year runs from 1st April to 31st of March. If you are providing certain benefits to your employees or you are receiving certain benefits as a director of a company or trust, you may be subject to FBT. Lodgment and Payment Dates The FBT lodgement…
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