FBT & Salary Packaging

A range of employee benefits attracts FBT, including travel and expenses. With the right approach, significant savings can be made while meeting your FBT obligations.

Fringe Benefits Tax (FBT) can be a confusing and cumbersome area for employers and employees, yet many opportunities exist to legitimately leverage FBT concessions.

Simple and compliant FBT systems

Accru can maintain simple and compliant systems for you as well as help you use fringe benefits to their full potential.

Our experienced team assists many clients with the calculation of taxable benefits and the accurate and timely recording of benefits on employee payment summaries. All FBT calculations take into account how the FBT system interacts with other taxes, for example GST, to ensure you comply with all other tax obligations.

Salary packages to attract and motivate staff

Your tax structure can also help you attract and motivate key staff. We can advise on employee share schemes or the most beneficial salary packaging for your needs. Tailored to your individual business, these strategies increase take home pay or benefits for your employees while also minimising your costs and administration.

How Accru can help you

  • Registration for Fringe Benefits Tax with the Australian Taxation Office
  • Analysis of reporting systems and current procedures
  • Reports informing of effective salary packaging opportunities
  • Information session to explain salary packaging and reportable benefits to both employers and employees
  • Review and lodgment of annual FBT returns
  • Consulting advice on specific FBT issues – identifying opportunities, alternatives and providing tax minimisation strategies
  • Salary packaging advice:
    • Reviewing current arrangements and advise options
    • Support for payroll and HR staff, selection of associated service providers
    • Assistance with new systems, policies and manuals
    • Informative and easy to follow presentations to employees to explain the system and handle queries.
About Us

Accru is an award-winning network of Australian accounting firms

OUR CLIENTS

“Accru Hobart has supported our business development, due diligence and governance responsibilities for over six years. Our ongoing relationship is a testament to their professionalism, ability to understand our needs and provide specialised, professional support at a competitive rate.”

ABOUT

Our people are naturally experts in their field. With a team of 200 across Australia, you’ll find a myriad of skills to help manage your business and financial challenges.

NEWS

In medicine, the word profit can garner negative connotations. Often, we see doctors who run practices that make hardly any profit.

SERVICE

Improve your business performance and achieve superior return.

ABOUT

Accru is an award-winning network of independently-owned accounting firms in Australia. We help businesses grow, thrive and generate wealth for their owners…

Accru FBT & Salary Packaging Experts
hobart
He makes his clients’ financial and tax issues as hassle-free as possible, so they can spend more time working on parts of the business that they enjoy and make them more successful.
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