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:
> a vehicle you own or lease for private use
> holiday accommodation
> concert tickets
> club memberships.
If you are unsure whether or not you are providing a fringe benefit, if you have a fringe benefits tax obligation or if the benefit is exempt, please contact your Accountant.
The Fringe Benefit Tax Year ends on 31 March 2018,
with Fringe Benefit Tax Returns due on 21 May 2018.