Understand the provisions
Identify the arrangements and the FBT questions they raise.
TAXATION · EMPLOYER BENEFITS
Fringe Benefits
Tax
Help understanding FBT provisions, meeting employer obligations, considering exemptions and dealing with the ATO.
Discuss FBTCampbelltown · Established in 2010HOW WE HELP
Understand the benefits.
Clarify the obligations.
For employers providing non-salary benefits to employees or their associates.
KPA helps you work through the FBT provisions and the administration behind your obligations. We discuss the benefits provided, relevant exemptions and the records needed for return preparation.
SUPPORT WITH THIS SERVICE
Meet your obligations
Assist with FBT administration, supporting records and return preparation.
Consider exemptions
Review available exemptions against the benefits provided and your actual circumstances.
Liaise with the ATO
Assistance with FBT-related correspondence and liaison with the Australian Taxation Office.
- 01 / IDENTIFY
Describe the benefits and who receives them.
- 02 / REVIEW
Consider the records, obligations and relevant exemptions.
- 03 / COMPLETE
Agree the return, administration or ATO liaison work.
THE TAX POSITION
FBT is an employer tax.
FBT applies to certain benefits provided in connection with employment, including benefits for an employee’s associates. It is separate from income tax. Some benefits are exempt, and the FBT year runs from 1 April to 31 March.
BEFORE WE TALK
A useful starting point.
A description of the arrangements is the starting point. The records required depend on the benefits involved and the work you need KPA to handle.
Contact KPA before sending financial records or sensitive documents.
Records to have in mind
- Details of benefits provided to employees or their associates
- Relevant agreements, payments and expense records
- Employee contributions and supporting information, where relevant
- Previous FBT returns and existing calculations, if available
- ATO correspondence and any response deadlines
COMMON QUESTIONS
Before you enquire.
Can you help us understand whether FBT applies?
Yes. Describe the benefits or arrangements involved so we can identify the information needed to discuss your position.
Are exemptions automatic?
No. Whether a benefit is exempt depends on the relevant rules and the facts. We review the circumstances before discussing any exemption.
Can KPA deal with the ATO about FBT?
Yes. KPA can liaise with the ATO on FBT-related matters. Tell us what the enquiry concerns and any response deadline.
TALK TO KPA
Talk through your FBT position.
Tell us about the benefits, return or ATO matter involved.