30 January 2018
Do you provide a benefit to your employees or their associates in a different form to salary or wages? Benefits can be a great way to reward your employees for a job well done, but it's important to check if there are any tax implications.
As a guide to whether a benefit is provided, ask yourself if you would have provided the benefit if the person had not been an employee.
Examples of benefits include providing:
Once you know whether you’re providing a benefit, then you need to work out if you have a fringe benefits tax obligation or if the benefit is exempt.
Take the time to check out our videos so you understand what a fringe benefit is and how to keep your fringe benefits tax obligations under control.
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Watch our webinar recording to help with your fringe benefits tax questions.