Strategic Planning Tools Your Business Needs

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…

Stressed Out Over Fringe Benefits Tax?

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…

Minor and Infrequent FBT: Is Your Vehicle Under Attack?

Advivo Accountants and Advisors explain the requirements of an FBT exempt vehicle… does yours measure up?   My ‘ute’ is FBT exempt right? Wrong.   Well… not necessarily anyway.  For some time now, small business owners have been spruiked to that they should buy a ‘commercial vehicle’ such as a certain dual cab utes, because…

Take the Pain out of Keeping Logbooks

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 Benefit Tax (FBT)?

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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Advivo Newsletter March 2018

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…

What is Fringe Benefit Tax (FBT)?

Reducing Fringe Benefit Tax (FBT) Liability for SME’s

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…

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FBT: What’s Due and When?

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…