Pigot Miller Wilson

Accountants & Advisors

Fringe Benefits Tax Returns lodgement is just around the corner, so it’s important that you take the time to consider if your business is liable for Fringe Benefit Tax and to collect the necessary information for your return if you are.

Being an employer means that you have a series of obligations and responsibilities surrounding your employees. One of these responsibilities is to review your employees and your interactions with them to work out if you are required to report on fringe benefits tax.

Providing your employees with any type of benefit on top off wages or salaries, could be considered as a fringe benefit. One of the main types of fringe benefit provided to employees, is a work vehicle which is available for private use. (eg. Traveling from home to work, or private travel outside work hours).

To complete the required documentation, we’ve put the relevant forms on our website for you to download, which will allow us to complete your fringe benefits tax return for the year or identify if it is necessary to do so. These include:

Does FBT apply to my business? Fringe Benefits Tax Questionnaire.

We have vehicles that are used in the business privately by employees. Employee Declaration and Business Use % form.

We have vehicles in the business that are exempt from FBT or have minor and infrequent private use. Exempt vehicle form.

View our short video below where we explain the basics of Fringe Benefits Tax and how best to identify these within your business.

Tax Planning – FBT from Pigot Miller Wilson on Vimeo.

Contact your PMW  business manager for further information or discussion.