Cash
Fringe Benefits Tax (FBT) The fringe benefits tax year runs from 1 April to 31 March – and if your business provided any non-cash benefits to employees or their family members during that period, an FBT return may be due. The lodgement deadline is 21 May, so now is the time to check whether this …
Are You Accurately Reporting Cash Income? The ATO Is Watching Cash flow is the lifeblood of any small business. And for many businesses – particularly in hospitality, trades and personal services – that includes a mix of card and cash payments. From time to time, headlines hit the stands, reminding business owners not to “hide” …
Fringe Benefits Tax (FBT) Fringe Benefits Tax (FBT) applies to most non-cash benefits provided to employees in addition to their salary or wages. For employers, understanding FBT is essential to stay compliant, avoid penalties, and manage the financial implications of providing benefits. What Is Fringe Benefits Tax? FBT is separate from income tax and is …
Keeping FBT Simple Fringe Benefits Tax (FBT) applies to most non-cash benefits provided to employees in addition to their salary or wages. For employers, understanding FBT is essential to stay compliant, avoid penalties, and manage the financial implications of providing benefits. What Is Fringe Benefits Tax? FBT is separate from income tax and is paid …