It’s that time of year again when businesses that provide benefits to employees need to consider the Fringe Benefits Tax (FBT) implications.
Business clients will receive an annual questionnaire next week to help you consider your situation and whether you need to take steps now to minimise any FBT payable.
If your business provides any non-cash benefits (eg. cars, loans, phone etc) to employees, but you don’t receive a letter from us please contact our office immediately.
For those businesses that own cars, it is important to ensure you record your odometer reading on 31 March 2015. There are instructions in our letter to you to assist with this.
If you need assistance with your FBT please give us a call.