The Fringe Benefits Tax (FBT) year ends on 31st March 2020. It is now important for your business to undertake a review of any potential FBT related issues.Our review process has been designed to help identify any potential FBT issues and where possible, to reduce or eliminate any possible FBT liability. Failure to undertake this review could result in additional tax and penalties resulting from an ATO instigated audit.
Keep any eye out in your email inbox in late March as we will be sending out a questionnaire to start this review process.
In the meantime, if you have any queries at all in relation to FBT please call Alex Collier of our office on 9387 5637.