The Australian Taxation Office (ATO) continues to prioritise compliance with fringe benefits tax (FBT), using data-matching and risk-based reviews to reduce the FBT gap and correct non-compliance. Employers should be aware that vehicle benefits and related documentation are key areas of scrutiny going into the 2026 FBT year. The ATO’s own guidance highlights the importance…
With the end of the FBT year fast approaching on 31 March 2026, now is the time for employers to review benefits, confirm records, and plan any last‑minute actions. Careful planning can help ensure you achieve the best outcome. Review employee benefits FBT can apply to a wide range of benefits provided to employees or…
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…
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