Fringe Benefit Tax Accountants in Wollert – Melbourne

Fringe benefits in Australia refer to non-cash benefits provided by an employer to employees in addition to their salary or wages. These benefits can include a company car for personal use, meal or entertainment expenses, housing assistance, or low-interest loans. While these perks help attract and retain employees, they also come with taxation obligations that employers must manage.

Fringe Benefits Tax (FBT) is separate from income tax and is calculated based on the taxable value of the benefits provided. Employers must self-assess their FBT liability annually and lodge an FBT return with the Australian Taxation Office (ATO). Given that FBT laws frequently change, staying compliant requires expert knowledge and up-to-date advice.

At RV Advisory Group, we specialize in helping businesses understand and manage their fringe benefits taxation obligations. Our team ensures compliance while identifying tax-saving opportunities, so you can focus on running your business efficiently.

Small and medium businesses (SMEs) often face unique challenges when managing FBT. Without the right strategies in place, FBT can become an unnecessary financial burden. Our experts at RV Advisory Group help SMEs:

• Implement cost-effective benefit programs
• Manage FBT liabilities within their financial constraints
• Identify and apply exemptions or concessions that others may overlook

With expert guidance, SMEs can offer competitive benefits to employees while keeping tax liabilities in check.

If you provide benefits beyond salaries, you are required to pay FBT. Managing this tax can be complex, but with professional support, you can maximize tax savings while staying compliant.

At RV Advisory Group, we offer tailored FBT services, including:

• FBT Registration Assistance – Helping businesses register for FBT before offering benefits.
• FBT Return Preparation and Lodgement – Ensuring accurate and timely filing of FBT returns.
• FBT Compliance Reviews – Identifying tax-saving opportunities and ensuring compliance with ATO regulations.
• Salary Packaging Advice – Structuring benefits effectively to reduce FBT liabilities.
• Reportable Fringe Benefits Guidance – Assisting with the correct reporting of taxable benefits for employees.
• FBT Treatment of Specific Benefits – Advising on tax implications for vehicle use, entertainment, accommodation, and relocation expenses.
• FBT Private Rulings & Disputes – Supporting businesses with ATO audits, objections, and private ruling applications.

Expertise that delivers results. Dedicated to your Business success. Tailored solutions for every need. Trust RV Advisory Group to guide your journey to prosperity.