Fringe benefits tax

Is your organisation using fringe benefits to their full potential?

Many opportunities exist to significantly increase employee take home pay or benefits through the effective use salary packaging and FBT rules.

Our tax specialists can help you legitimately leverage and maximise FBT concessions, whilst maintaining simple and compliant systems. We offer assistance with all fringe benefits tax issues including:

• review and assessment of FBT systems
• review and lodgement of annual FBT returns
• preparation of FBT compliance manuals (to train employees and as evidence of compliance in case of audit)
• consulting advice on specific FBT issues – identifying opportunities, alternatives and providing tax minimisation strategies
• salary packaging advice:
• review current arrangements & advise options
• support for payroll and HR staff, selection of associated service providers, etc
• assistance with new systems, policies & manuals
• informative and easy to follow presentations to employees to explain the system and handle queries

We can develop a unique FBT planning strategy for you, with our in depth and up-to-the-minute knowledge of the legislation. We encourage you take advantage of our expertise in what can otherwise be a confusing and cumbersome area for employers.

For more information about Grant Thornton’s tax advisory, contact:

Elizabeth Lucas
Partner - Tax
T  +61 3 8663 6000
E  elizabeth.lucas@au.gt.com