Fringe Benefits Tax 2020

What every employer needs to know about fringe benefits

On 31 March 2020, the Fringe Benefits Tax (FBT) year ends. With the ever-increasing budget deficits, the ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount.

To help you meet your fringe benefits obligations, […]

Salary sacrificing super

Information for employers

An employee can ‘sacrifice’ part of their salary or wages into super contributions under an agreement with you.

You then pay the sacrificed amount to your employee’s super fund on their behalf.

There may be benefits to both of you in that:

for your employee salary sacrificing is a tax-effective way of […]