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How the ATO identifies potential FBT audits

The table below outlines the key tax return labels that can alert the ATO that an employer may have some FBT exposure. DISCLOSURE ITEM / RETURN LABEL FBT RISK Fringe benefit employee contributionsItem 6, Label I of the ‘C Return’Item 46, Label T of the ‘T Return’ The disclosure of income at this label confirms …

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Are You Providing Employee Benefits Due to COVID-19? Look Out for FBT

Are you providing employee benefits other than salary due to COVID-19? If so, you could be up for fringe benefits tax. FBT is complex, but we can assess whether exemptions apply to your business or assess any liability.
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