If your business provides perks like company cars, entertainment, or employee benefits, you could be liable for Fringe Benefits Tax (FBT). But navigating the complex rules around FBT doesn’t have to be overwhelming.
At Lemonade Beach, we offer specialised FBT services to help Australian businesses meet their obligations, minimise risk, and take advantage of available concessions.
Fringe Benefits Tax is a tax employers pay on non-cash benefits provided to employees (including working owners) or their associates. This includes things like:
The Australian Taxation Office (ATO) requires eligible businesses to calculate and report FBT annually. However, many businesses either don’t know they’re liable or incorrectly assess their benefits, leading to audits and unexpected penalties.
If you’re unsure if FBT applies to you, you may like to download our 2025 Fringe Benefits Checklist. If you answer ‘YES’ to any of the questions in our checklist, you have provided Fringe Benefits during the year and could be liable for Fringe Benefits Tax.
At Lemonade Beach, our FBT advisors simplify compliance so you can focus on running your business. We tailor our services to your size, industry, and benefit types.
We’re not just tax advisors, we’re partners in your business success. Here’s what sets us apart:
Expertise in small business FBT compliance
Clear, friendly explanations without the jargon
Proactive advice to reduce FBT liability
Support across all stages – from setup to review
Whether you need a one-off return or ongoing FBT strategy, we’re here to help you stay compliant and confident.
FBT can be complicated, but with the right support, it doesn’t have to be stressful.
At Lemonade Beach, we make sure your business understands its obligations and takes advantage of tax-saving opportunities.
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Q: Do all businesses have to pay Fringe Benefits Tax (FBT)?
Not necessarily. FBT only applies if you provide certain non-cash benefits to employees or their associates. We can assess your situation to determine if your business is liable.
Q: What are the most common FBT mistakes small businesses make?
Common mistakes include underreporting car benefits, misclassifying entertainment expenses, or failing to keep proper records. These can lead to ATO audits or penalties, but we help you avoid them with proper guidance.
Q: Can I reduce my FBT liability legally?
Yes. With proper planning, businesses can take advantage of FBT exemptions and concessions, such as using the “otherwise deductible” rule or providing benefits that are exempt. We can advise you on the best strategies for your situation.
Q: What records do I need to keep for FBT purposes?
You’ll need to maintain detailed records of benefits provided, including logbooks for vehicles, receipts, declarations from employees, and evidence of business versus private use. We’ll help you set up an efficient system.
Q: What happens if I miss the FBT lodgement deadline?
Missing the due date can result in penalties and interest. Our team ensures your FBT Return is prepared and lodged on time, giving you peace of mind.
Q: How much do your FBT services cost?
Our FBT services are competitively priced and tailored to your business needs. Book a free consultation, and we’ll provide a transparent quote based on the complexity and level of support required.
