by Lilian Fisher | Mar 9, 2025 | Fringe Benefits Tax (FBT)
The Fringe Benefits Tax (FBT) year-end is fast approaching and now is the time for businesses to review their obligations. Many business owners unknowingly provide fringe benefits without realising they may be liable for FBT. Failing to meet FBT requirements can lead...
by Camden Professionals | Mar 11, 2024 | ATO, Electric vehicles Tax, Fringe Benefits Tax (FBT)
The Fringe Benefits Tax year (FBT) ends on 31 March. In this article we clear up some of the confusion regarding the FBT issues when an employer provides an EV (electric vehicle) to an employee. In late 2022, the Government introduced a concession that enables...
by Camden Professionals | Dec 13, 2023 | Business, Fringe Benefits Tax (FBT), Small Business Tips
As we head towards the Xmas party season and end of year business activities, business owners need to consider the tax implications that relate to customer gifts, staff parties and staff end of year gifts. This article looks at some of the tax effective ways you can...
by Camden Professionals | Apr 5, 2023 | ATO, Electric vehicles Tax, Fringe Benefits Tax (FBT), Small Business, Small Business Tips, Tax & Accounting
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. If your employer provides you with the use of a car that is classified as a zero or low emissions vehicle...
by Camden Professionals | Dec 9, 2022 | Fringe Benefits Tax (FBT), Interest Rates, Small Business, Tax & Accounting
As we are head towards the Xmas party season and end of year business activities, business owners need to consider the tax implications that relate to customer gifts, staff parties and staff end of year gifts. This article looks at some of the tax effective ways you...
by Camden Professionals | Oct 10, 2022 | Fringe Benefits Tax (FBT), Tax & Accounting
The Treasury Laws Amendment (Electric Car Discount) Bill 2022 was introduced which proposes to make the provision of zero or low emissions vehicles exempt from fringe benefits tax (FBT). The FBT exemption will apply to cars below the luxury car tax threshold for fuel...
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