Latest / My Accounting Advantage
The Tax Risk In Your Driveway
Ask Mai & Send Feedback
A company car might seem like a straightforward business perk, but it could come with an unexpected tax cost. In this episode, Mai and Lee unpack Fringe Benefits Tax (FBT) and explain why businesses need to understand the tax implications of providing employees with benefits outside their regular wages.
They break down what counts as a fringe benefit, why FBT exists, and how benefits such as company vehicles, fuel cards, private health insurance, entertainment, and personal expenses can create an FBT liability. They also explore salary packaging, gross-up rules, the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.