As an employer, you must understand and your Fringe Benefit Tax (FBT) obligations to avoid significant penalties from the Australian Taxation Office (ATO). FBT is a tax paid by employers and it is separate from income tax. It is based on the taxable value of non-tax...
The Government has announced changes to the FBT treatment of Living Away From Home benefits. What are the changes and what do they mean for you? In principle, employees should pay for their housing and food costs out of income that has already been taxed. That is how...
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