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:
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Understand how FBT works
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Identify when a Fringe Benefit is provided
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Build FBT into Salary Packaging
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Access available exemptions
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Comply with Clients FBT obligations
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Communicate with Clients employees
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Liaise with the Australian Taxation office on FBT matters.
WGC Tax will ensure Clients are meeting FBT obligations - while minimising its impact.