Let Our FBT Accountant in Sydney Provide You with the Support You Need

Filing an FBT or a Fringe Benefits Tax can be cumbersome as well as tricky since a lot has to be considered during the filing process. Since this type of tax is payable by an employer especially when she or he has provided a benefit to the employee, you will need to be very attentive when dealing with this type of tax. At the same time, there are certain benefits that cannot be categorised under FBT. But if you do not have knowledge about the same, it’s time to hire a professional FBT accountant in Sydney. For that, you will need to get in touch with us since we at Checked and Balanced assist with this type of tax. Besides, we have been assisting our clients since 2015. So, you can trust us on this.

Our Sydney FBT accountants will analyse your business and go through your books to find out the benefits that can be taxed under this category. Next, they will prepare the statements for you and assist you with the application process. Typically, this type of income tax is filed between April 1st to 31st March.

What Are The Things That Are Categorised Under FBT in Sydney?

Some of the things that are categorised under fringe benefits in Sydney include:

• Your employees taking cars at home after duty hours
• You are paying for the private health insurance costs for your employees
• You have written off debt from an employee
• You provide accommodation for your employee(s)
• You pay for recreation and food and drinks, etc.

On the other hand, the things which are NOT categorised under FBT include:

• Payment of wages or salaries
• Approval of share acquisitions
• Contribution adhering to SMSF guidelines
• Providing laptops, mobiles and other devices for work, etc.

Our FBT accountant in Sydney will walk you through all of these in detail so that you can avoid tax-related complications and operate your business smoothly.