Using fringe benefits tax deductions for your business

If the employees, directors, or the directors associates receive certain benefits from their company or trust, there is usually a fringe benefits tax. These benefits aren’t salaries or wages, but could include reimbursements of private expenses, use of business assets, and more.

Luckily, there are various exemptions to the fringe benefits tax, and ways to claim deductions for it.

The ATO has detailed and comprehensive information on the fringe benefit tax here. 

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