If you are providing non cash benefits to your employees you may have to pay Fringe Benefits Tax!
Benefits can include: use of a car, provision of loans, non-work related travel and many others.
https://www.ato.gov.au/General/Fringe-benefits-tax-(FBT)/
Please contact Fiona Cook, Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.
We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.
We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.
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