by C&N Accountants | Dec 18, 2025 | Business, FBT (Fringe Benefits Tax), Small Business
Yes, staff parties, gifts and celebrations can trigger Fringe Benefits Tax (FBT). However, many common workplace celebrations are FBT-free if they meet the ATO’s minor benefit and on-premises rules. Why the ATO cares about staff celebrations Each year, the ATO reminds...
by C&N Accountants | Mar 14, 2025 | FBT (Fringe Benefits Tax)
The Fringe Benefits Tax (FBT) year wraps up on 31 March, and there are some key updates employers and employees need to be across. Here’s a breakdown of what’s changing and what to watch out for. FBT Exemption for Electric Cars If you’re providing an electric vehicle...
by C&N Accountants | Feb 19, 2024 | FBT (Fringe Benefits Tax), Tax Planning
As the annual close of the Fringe Benefits Tax (FBT) season approaches on March 31, it becomes imperative for business owners to arm themselves with knowledge about the intricacies of FBT and areas likely to capture the Australian Taxation Office’s (ATO) focus. The...
by C&N Accountants | May 5, 2023 | FBT (Fringe Benefits Tax), Small Business, Small Business, Tax & Accounting
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. If your employer provides you with the use of a car that is classified as a zero or low emissions vehicle...
by C&N Accountants | Dec 9, 2022 | FBT (Fringe Benefits Tax), Small Business, Tax & Accounting
This article looks at some of the tax effective ways you can spend money at Xmas and claim tax deductions as a business owner. How to reward customers/ clients Should you entertain your client or send them a gift? If you entertain your clients in any way, it’s not tax...
