WA's FBT Experts

The FBT deadline is coming.
Benefit from William Buck’s advice.

Have you paid too much Fringe Benefits Tax (FBT)? We have worked closely with many clients to detect overpaid FBT and in some cases, amounting to over $200,000.

It’s easy to claim too little or too much. There can be significant penalties if you underestimate the FBT you owe. On the other hand, you could be overpaying your FBT.

The Australian Taxation Office continues to develop smarter ways to track down unpaid tax – including FBT. They have established an FBT audit task force to recover an FBT gap of over $1 billion – so it’s important that you are following all the compliance requirements correctly.

Has COVID impacted your FBT claims?

Dealing with FBT issues can be complicated at the best of times. However, the pandemic has created a range of additional FBT considerations for businesses this year.

Many employees changed work habits that impacted on fringe benefits. For example, people used their cars less often to travel to meetings and worksites, and corporate entertaining became a rarer event.

It therefore may be necessary to re-examine FBT claims for some employees. The William Buck team can offer you reliable, current advice on your FBT affairs.

Book a free consultation with our FBT experts

William Buck – 30 years working with WA business

The William Buck team in Western Australia has 30 years of experience working in the local business community. Our industry and sector specialists bring expert knowledge and assurance to your project outcomes. We’re also part of a network of accountants and advisors across Australia and New Zealand established in 1895.

We value our client relationships. Regardless of size, you and your business are important to us. You’ll receive high level resources with a deeply engaged service that other firms struggle to provide.

FBT year end 31 March

With the end of the FBT year fast approaching on 31 March, it’s important to understand what might have changed and how to deal with it.

Our FBT experts at William Buck can help you complete your FBT requirements and review the way you incentivise your staff while ensuring ATO compliance. If you have any queries in relation to how Fringe Benefits Tax impacts your business, please contact Anton Lukito on 6436 2858.

Contact our dedicated Business Advisory Services team today to find out more.

Trent Antonio
Director, Business Advisory

Anton Lukito
Manager, Business Advisory

Get in touch with our WA Business Advisory Specialists to book your free one hour consultation.