About

Introduction

What is Only FBT?

Fringe Benefits Tax s a tax that employers pay on benefits paid to an employee (or their associate, such as a family member) in addition to their salary or wages. It was was created to assist members on a day-to-day basis by providing access to FBT & Salary Packaging dedicated Webinars, Knowledge and Tools.

Frequently Asked Questions

What is FBT?

FBT is a tax that employers pay on benefits paid to an employee (or their associate, such as a family member) in addition to their salary or wages. FBT is calculated on the taxable value of the benefits you provide.

Who created FBT?

The fringe benefits tax (FBT) is a tax applied within the Australian tax system by the Australian Taxation Office. The tax is levied on most non-cash benefits that an employer provides "in respect of employment." The tax is imposed on the employer, not the employee. It will be levied irrespective of whether the benefit is provided directly to the employee or an associate of the employee.

The tax was first imposed in 1986, and the operation of the tax is described by the Fringe Benefits Tax Assessment Act 1986.

How does the Membership work?

We offer two types of memberships.
1. A free membership with limited access
2. A premium membership with Unlimited access

A premium membership is an annual membership, with a fee of $49 including GST. We think it is very good value at less than $1 per week!

Can I share my paid Membership?

No. The membership is on a per person basis. So please keep your Login and Password safe. It is an honesty system. If you do share your membership Login and Password, we probably won’t know, but honesty is always the best policy.

We have set the annual membership at $49 including GST to make it accessible.

Can I make suggestions / feedback on content?

Yes you can. We encourage members and non-members to send us suggestions and feedback. We will happily consider all suggestions and adding of content, whether they relate to Webinars, Knowledge or Tools.

But I already subscribe / have other memberships?

A membership to Only FBT is not intended to replace your other subscriptions. We feel that a membership to Only FBT, given it’s specialist focus FBT & Salary Packaging, will complement your other membership/s.

Can I be a Guest speaker?

We are always keen to deliver webinars with guest speakers. Priority is given to those who already service the FBT & Salary Packaging sector.

How can I become a Partner?

We are keen to develop a list of industry partners and showcase their products and services. Priority is given to those who already service the FBT & Salary Packaging sector.

Mastering Fringe Benefits Tax and Salary Packaging

Equip Yourself with the Knowledge and Tools to Simplify Compliance and Maximize Employee Value

For only $49/Year

Partner - Products & Services

We currently Partner in relation to the following Products and Services:

FBT Salary Packaging Solutions – customized in-house FBT & Salary Packaging training.

In-house training is an ideal way to upskill your team, identify risks and opportunities, improve processes and formulate policies. In-house training is your session, your agenda and your forum, If you are looking for any of the following:

To improve your teams FBT or Salary Packaging knowledge?
Better understand the technical rules and requirements specific to your organisation?
Understand the FBT rules specific to an Exempt (PBI, HPC), Health, Rebatable or other NFP organisation
Explore in detail a particular area such as Motor Vehicles, Car Parking, Employee Expenses, Entertainment, Remote Area. Employee Awards Programs, FBT Return Preparation or Salary Packaging
Improve processes & procedures?
Implement or update Fringe Benefits policies and Salary Packaging policies?
Brainstorm sessions with Finance, Tax, HR, Remuneration, Payroll and Others
An Accounting Firm wanting to better manage your clients FBT and identify FBT service opportunities

Then, make a no obligation enquiry here:

Make an Enquiry

Car Parking FBT Valuations

The car parking FBT rules have undergone significant recent change – bringing more employers in to the car parking FBT net and increasing FBT liabilities for those employers already in the car parking FBT net. The rules are complex and often misunderstood. Let us help you maximise your understanding and minimise your FBT liability.

Obtain a no obligation fee quote:

Request Fee Quote

Motor Vehicle FBT Assessment

Our motor vehicle FBT assessment tool provides expert guidance on all motor vehicles and the FBT implications. We will assess the FBT on single cab utes, dual cab utes, vans and other tool of trade or workhorse vehicles.

We can also provide guidance on record-keeping and policy matters for your Fleet of vehicles. Whether your an Accounting Firm with clients owning or leasing vehicles, an SME, a Charity or Not for Profit, Corporate or Government organisation, we can help you.

Whether you have one or two Cars, Utes or Vans, or a fleet of vehicles, we can provide the FBT certainty you need, retrospectively, prospectively or right now.

Obtain more information by clicking on the button below:

Request more information on Motor Vehicle FBT Assessment

Salary Packaging Solutions

Salary Packaging provides flexible remuneration for Employees and a positive policy inclusion for Employers.

Whether your an Accounting Firm, an SME, a Charity or Not for Profit, Corporate or Government organisation, we can help you.

Whether you have one Employee or many Employees, we can help you explore the options.

For more information, please click on the button below:

Request more information on Salary Packaging