Fringe Benefits Tax – what you need to know

Fringe Benefit Tax (FBT) is a tax paid by employers who provide certain benefits to employees and their associates. The main type of benefits provided are entertainment (including meals and tickets to events) and providing an employee the use of a car for private use. 

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How to party smart this Christmas (and avoid being stung by FBT afterwards)

With Christmas fast approaching, a lot of business owners are starting to think (or already thinking!) about how they are going to celebrate Christmas with their employees and clients.

While it is a festive season where you normally spend a little more in treating your employees, their families and clients with good food, wine and some activities, enjoying the time and having some fun, business owners may unknowingly provide Fringe Benefits where it may end up costing you more.

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