Numberz Insight — Accounting & Tax
FBT Specialists

Fringe Benefits Tax (FBT)
Benefit your team, not the taxman.

Attract top talent with salary packaging while avoiding unnecessary tax. We handle the complex calculations to ensure your FBT liability is minimized or eliminated completely.

Employee Benefits Discussion
Certified Compliant

Australian Standards

Salary Packaging

Smarter Remuneration.

FBT is one of the most complex areas of tax law. We turn it from a compliance burden into a strategic tool for employee retention.

Car Fringe Benefits

Optimising vehicle packaging.

  • Statutory Formula vs Operating Cost comparison
  • Logbook review and substantiation
  • EV (Electric Vehicle) FBT Exemption advice
  • Employee Contribution calculations

Exempt Benefits

Tax-free perks for your team.

  • Portable Electronic Devices (Laptops/Phones)
  • Tools of Trade & Briefcases
  • Minor Benefits (<$300) exemptions
  • Living Away From Home Allowance (LAFHA)

FBT Return Preparation

Complete compliance by May 21.

  • Preparation of Fringe Benefits Tax Return
  • Calculation of Reportable Fringe Benefits (rfba)
  • Lodgment with the ATO
  • Payment arrangement negotiation

Employee Contributions

Eliminating the FBT liability.

  • Calculate required post-tax contribution
  • Journal entries for payroll
  • Review of salary sacrifice agreements
  • GST impact on contributions
FBT Year End (31 March)

The FBT Timeline

01

Questionnaire

In March, we send a targeted questionnaire to identify potential benefits provided during the year.

02

Odometer

On March 31, we require odometer readings for all company vehicles to perform the calculation.

03

Calculation

We compare methods (Statutory vs Costs) to find the lowest tax result for each benefit.

04

Declaration

We generate the Employee Contribution statements or lodge the FBT return if liability remains.

Verified Expertise

Certified Professionals. Real Accountability.

Your finances are handled by qualified IPAs and Registered Tax Agents, not junior data entry staff. We take personal responsibility for your compliance.

IPA
Verified
Tax PlanningComplianceComplex Returns

Head of Tax & Compliance

Institute of Public Accountants (IPA) · Registered Tax Agent

Complex Tax Structures, Compliance & Advisory

CA
Verified
SMSFCapital GainsTrusts

Senior Tax Advisor

Chartered Accountant (CA) · SMSF Specialist

Self-Managed Super Funds & Capital Gains

BSM
Verified
Business StructuringGrowthAsset Protection

Business Services Manager

Institute of Public Accountants (IPA) · B.Comm

Business Structuring & Asset Protection

100%

Australian-based team

12+

Years avg. experience

48 hr

Onboarding turnaround

99.9%

Reconciliation accuracy