easyFBT Blog

As the year-end tax reporting period starts to heat up like the Australian summer, business big and small need to start getting their FBT house in order.

For a big business that means having their highly paid accounting firm begin the process of FBT, for small business and those who lodge directly that means the time is nigh to begin data analyses clarification of facts and circumstances, preparation of benefit data, completion of the FBT return form, review (yes, a review is a good idea) and lodge the return.

Continue reading →

Change is one of those things that scares people. Most people love routine and avoid change at every turn.

They stay in a job for years longer than they should simply because, even though they may hate it, it’s familiar.

Changing anything is difficult, and while as people we feel that, organisations know that. As a result, they demotivate people by making the process complicated and time-consuming.

Continue reading →

You may be required to pay fringe benefits tax (FBT) if you provide certain fringe benefits to an employee (or their associate) in respect of employment. An employee can be a current, future or past employee, or a director of a company or trust.

Learn more here:
https://www.ato.gov.au/General/fringe-benefits-tax-(fbt)/do-you-need-to-pay-fbt-/

Working for a Not For Profit (NFP) is very different from working for a large corporate. The focus is not on profit, but on how much money can be spent on life-changing programs or initiatives for those who need them.

As a result, NFP’s are generally unable to offer competitive salaries and are often below the market rate for most of the positions they fill.

Continue reading →

As a motor vehicle dealer your number one priority is dealing motor vehicles, not dealing with FBT issues.

Good software can be the difference between FBT being just part of your business, and headache. You want software to be is easy to use; fit for purpose and something that helps you rather than hinder.
Continue reading →

If you're an employer new to FBT, this guide from the ATO will be an invaluable resource:

https://www.ato.gov.au/General/Fringe-benefits-tax-(FBT)/In-detail/FBT---a-guide-for-employers/

As a Tax Agent the key to getting through a busy tax season is planning and software. The faster you can complete one client's tax report the quicker you can move onto the next one.

As they say, time is money. For Tax Agents, easyFBT has a product that will help you easily and confidentially complete more FBT reports in less time.
Continue reading →

If you’re a big organisation with multiple employees all needing access to your FBT records then you need the Enterprise.

No, not the one Captain Kirk flew into battle, but the easyFBT product of the same name.
Continue reading →

Have you ever found yourself in a conversation with your boss that follows this pattern?

"I need you to give it more power," your boss/captain says.

"I’m giving it all she’s got captain," you reply.

If your FBT software lacks 'power' which inhibit your ability to get the job done, then the easyFBT professional package is for you.
Continue reading →

Be honest, if you travel by train there is one sentence above all you love hearing in the morning, "this train will be a double express," anything that cuts the amount of time you spend doing something less than enjoyable adds a bit of sunshine to your day.

Looking after your companies FBT needs can be a little like a stopping all stations train, which is where the easyFBT express offering comes in.

Continue reading →