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small-business

FBT Returns

Our team of small business accountants can assist in the preparation and lodgement of your FBT Returns

What is FBT (Fringe Benefits Tax)?

FBT (Fringe Benefits Tax) is a tax imposed on employers who provide additional benefits that supplement an employee’s and their associate’s income.

 

Do I Need To Lodge an FBT Return?

If you provide individual employee fringe benefits that exceed $2,000 within the FBT year or you have provided a motor vehicle (or car) to an employee, you must lodge an FBT return.

 

FBT Return Due Date

The FBT (fringe benefits tax) year runs from 1 April to 31 March. If you have an FBT liability during this period, you must lodge an FBT return no later than 21 May.

 

Benefits of an Accountant for your FBT Return

A qualified accountant can advise you on the best record-keeping practices of FBT to ensure that you meet your FBT obligations as well as methods to reduce your FBT liability.

Also, Box Advisory Services Accountants can prepare and lodge your FBT return for you, even with concessions on lodgement dates for any last-minute returns.

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Awards & Accreditations

Box Advisory Services' small business accountants are proudly recognised by the following accreditations and awards

“Box AS has been outstanding to work with and has been instrumental in our business growth in the last 3 years. We have worked with other accountants and advisers in the past that will complete our accounting work but no more and do not understand our business and industry. Box AS, on the other hand, understand our goals and map out strategies for growth. They go above and beyond and come up with key issues we would never have known about.”

Hong – General Manager at Fitness Republic Group

“We first engaged Box AS for advice on the business acquisition and liaising with financiers, solicitors and the vendor. The team at Box AS is highly professional, knowledgeable, committed and hard-working. We were really happy with the initial service that we decided to continue our engagement with a month to month accounting service.”

Linda – Director at Tattoo Removal Institute Australia

“Davie and his team has helped our startup get off the ground, it has brought peace of mind knowing that the accounting side of our business can be taken care of while we can focus on our business. Being able to have him and the team contactable to ask questions about accounting best practices or other accounting related questions has allowed us to focus on providing value to our own customers.”

Rob – Director at TwoSpace

Not sure what you need help with?

Don’t worry, book a free consultation with us and we’ll help you work out your business needs