Fringe Benefits Tax (FBT)
Fringe Benefits are a crucial part of our business and can be a very useful way of attracting quality staff. However, if you are going to provide Fringe Benefits to your staff, you need to be aware of your tax obligation. Such obligations are made easier, less costly, and resource intensive with the right business partner that can advise and minimize risk. Watson & Watt Fringe Benefits Tax Services in Brisbaneact as a vital support partner by ensuring clients navigate through the process and receive optimal results with minimal impact on their business.
At Watson & Watt, we can provide Fringe Benefits Tax Specialists to advise and discuss ways to minimize Fringe Benefit Tax. We can also help you structure tax effective salary packages and advise on salary sacrificing arrangements. Watson & Watt work with companies to ensure that they comply and effectively manage all FBT requirements.
Our Services Include:
Preparation of Fringe Benefits Tax Returns
Tax Planning and Structuring
Advice on Buying a new business or valuing your existing business
Establishing and Running a Self-Managed Super Fund
Auditing by ASIC registered company auditor
Why Choose Watson & Watt?
Our Fringe Benefit Tax Brisbane team can provide a comprehensive remuneration and planning service incorporating the effects of the FBT regime. Our salary packaging programs can be tailored to meet the requirements of all types of organizations. We provide user-friendly work papers that are linked to calculations that take the guess work out of Fringe Benefit Tax. In our FBT process, our FBT specialist takes the data compiled in your financial statement and interrogates it for any fringe benefits that have been paid by the employer. It is important to know that the FBT is levied on the employer, not the employee.
We can review current FBT practices and help companies restructure their FBT and Salary Packaging strategies in order to achieve the best possible result the company and its employees.