FRINGE BENEFITS TAX
Fringe Benefits Tax or FBT applies to the provision of a range of non-wage employee benefits - including travel and expenses.
The FBT System carries a number of reporting and compliance obligations that a WGC Advisor can provide advice and support Clients in meeting.
Apart from giving general advice on the impact and amount of FBT Clients are required to pay - a WGC Advisor also assists many businesses with various FBT requirements including preparation - review and lodgement of returns.
A WGC Advisor can streamline the FBT process by helping Clients:
Understand how FBT works
Identify when a Fringe Benefit is provided
Build FBT into Salary Packaging
Access available exemptions
Comply with Clients FBT obligations
Communicate with Clients employees
Liaise with the Australian Taxation office on FBT matters.
WGC Tax will ensure Clients are meeting FBT obligations - while minimising its impact.