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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.

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