FBT & Salary Packaging

A range of employee benefits attracts FBT, including travel and expenses. With the right approach, significant savings can be made while meeting your FBT obligations.

Fringe Benefits Tax (FBT) can be a confusing and cumbersome area for employers and employees, yet many opportunities exist to legitimately leverage FBT concessions.

Simple and compliant FBT systems

Accru can maintain simple and compliant systems for you as well as help you use fringe benefits to their full potential.

Our experienced team assists many clients with the calculation of taxable benefits and the accurate and timely recording of benefits on employee payment summaries. All FBT calculations take into account how the FBT system interacts with other taxes, for example GST, to ensure you comply with all other tax obligations.

Salary packages to attract and motivate staff

Your tax structure can also help you attract and motivate key staff. We can advise on employee share schemes or the most beneficial salary packaging for your needs. Tailored to your individual business, these strategies increase take home pay or benefits for your employees while also minimising your costs and administration.

How Accru can help you

  • Registration for Fringe Benefits Tax with the Australian Taxation Office
  • Analysis of reporting systems and current procedures
  • Reports informing of effective salary packaging opportunities
  • Information session to explain salary packaging and reportable benefits to both employers and employees
  • Review and lodgment of annual FBT returns
  • Consulting advice on specific FBT issues – identifying opportunities, alternatives and providing tax minimisation strategies
  • Salary packaging advice:
    • Reviewing current arrangements and advise options
    • Support for payroll and HR staff, selection of associated service providers
    • Assistance with new systems, policies and manuals
    • Informative and easy to follow presentations to employees to explain the system and handle queries.
Accru FBT & Salary Packaging Experts
adelaide
Richard’s unique selling point is being able to think outside the box when assessing a business scenario.
brisbane
She has been integral to improving the firm’s business management as well as nurturing relationships with clients and associates.
hobart
He makes his clients’ financial and tax issues as hassle-free as possible, so they can spend more time working on parts of the business that they enjoy and make them more successful.
perth
He provides clients with sound accounting, taxation, succession and estate planning, budgeting and business structure advice.
melbourne
Peter works primarily with small and mid-sized businesses and high net worth individuals, assisting them in all areas of tax and business services.
sydney
Brett has over 20 years experience providing specialist tax and superannuation consulting advice.
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