When you offer non-cash rewards to your staff, your business will attract Fringe Benefits Tax – a tax you will need to pay for your staff. Fringe benefits can be provided to your staff in numerous ways, and include: • Private use of a business car • Car parking, petrol or maintenance expenses • Low interest loans for personal purposes • Gym or health memberships • Entertainment or recreations expenses such as meals, accommodation, cinema tickets • Recreational electronic devices • Payment of sch
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Small businesses: Thinking of providing perks to your staff for a job well done? 🚗 🍔 Take 30 seconds to learn when fringe benefits tax (FBT) applies before diving in! Watch our video and find out more at https://ato.gov.au/FBT | Australian Taxation Office
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