The fringe benefits tax (FBT) year ends in less than 20 days!
For more information about Fringe Benefits Tax (FBT), please see our article – https://kennedycross.com.au/what-is-fringe-benefits-tax/
It is now time to start collecting the data that will be required to prepare your FBT return. You need to take note of your odometer readings for your vehicles as at 31 March 2020 and ensure your logbooks have been updated.
We will be sending a questionnaire to all our business clients prior to 31 March to assist them in gathering the required information and meeting their FBT obligations.