FBT Archives - WA Gage

Tag: FBT

FBT Preparation (What You Need To Do Before 31 March)

Written on March 3, 2025. Posted in Blog.

As 31 March approaches, businesses need to prepare for their Fringe Benefits Tax (FBT) obligations to ensure compliance with the Australian Taxation Office (ATO).

The FBT year runs from 1 April to 31 March, and preparing ahead of time can help businesses avoid costly mistakes, reduce their FBT liability, and ensure all required records are in place.

Vehicle-Related FBT – How To Manage What You’re Providing

Written on September 30, 2024. Posted in Blog.

As an employer, when you provide vehicles like sedans, station wagons, or passenger vans for your employees’ private use, you might be offering a car fringe benefit.

This applies to the employee behind the wheel and applies if their family members or associates use the vehicle. Understanding the implications of this can be crucial, as it triggers Fringe Benefits Tax (FBT).