Understanding Fringe Benefit Tax with your Small Business Accountant
Do you understand what Fringe Benefit Tax really means? Have you heard the term thrown around and considered that it perhaps applies to you as a business owner? Well, it likely does.
Small Business Accountants often guide small business owners in this area as it can be tricky to navigate. The general rule is to avoid expenses that fall under the FTB umbrella as these will cost you more in terms of tax payments. Most small business Accounting firms will support this idea.
Expenses that fall under this umbrella may include lunches, entertainment, travel, and anything that may be considered a non-business/ personal expense. For additional support managing your FTB, be sure to enlist our services as your small business Accountant in Sydney. We are ready to help you navigate your FTB.