Fringe Benefits Tax 2021: What you need to know

Kieran BowdenBusiness Audit, Tax

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We know that no one likes to pay tax and certainly no more tax than they should. But very few people want to be on the wrong side of the Australian Taxation Office (ATO) audit where fees and penalties are paid for neglecting your obligations.

The Fringe Benefits Tax (FBT) year ends on 31 March, which means the ATO will be looking closely at whether or not every employer who should be paying FBT is, and whether they are paying the right amount. To assist, we’ve outlined the ATO ‘red flags’ for employers and employees when it comes to FBT.

Download our preparation pack below.

YOUR GUIDE TO FRINGE TAX BENEFITS

FRINGE BENEFITS TAX QUESTIONNAIRE