Fringe Benefit Tax Support (FBT)
Introduction:
Fringe Benefits Tax (FBT) can be a complex area for businesses that offer non-cash benefits to their employees. Navigating the regulations and ensuring accurate calculations can be a challenge.
Why Outsource FBT Services?
Here’s how partnering with our team of FBT specialists can benefit your business:
- Expert Guidance: Our qualified accountants stay current on ever-evolving FBT regulations and ensure compliance.
- Minimized FBT Liability: We identify opportunities to minimize your FBT liability through strategic planning and calculations.
- Reduced Administrative Burden: Eliminate the complexities of FBT administration and calculations by letting us handle it.
- Streamlined Reporting: We prepare accurate and timely FBT returns, ensuring you meet all filing deadlines.
- Peace of Mind: Gain confidence knowing your FBT obligations are managed by experienced professionals, minimizing risk of penalties.
- Employee Benefits Optimization: Ensure your employee benefits programs are structured to comply with FBT regulations while maximizing their value.
Our FBT Services:
We offer a comprehensive suite of FBT services, including:
FBT planning and strategy development
FBT calculations for various fringe benefits (e.g., company cars, meals, loans)
Record-keeping for FBT purposes
Preparation and filing of FBT returns with Inland Revenue
Liaison with Inland Revenue on your behalf (if required)
Ongoing monitoring and updates regarding FBT regulations
Advice on structuring employee benefit programs for FBT efficiency
Navigate FBT with Confidence:
By outsourcing your FBT services to us, you can minimize your FBT burden, streamline administration, and ensure compliance with confidence. Focus on rewarding your employees while we handle the complexities of FBT.
How We Work:
We assess your employee benefits program to identify FBT implications.
We develop a customized FBT plan to minimize your tax liability while complying with regulations.
We implement a streamlined system for recording and tracking FBT-related information.
We handle the calculations and prepare accurate FBT returns for timely filing.
We provide ongoing support and guidance to ensure your FBT compliance remains up-to-date.
Free consultation ? Let's Connect
Schedule a free consultation to discuss your FBT needs and let us help you navigate the complexities of FBT with expert guidance.