News and Views Podcast Show · Sarah Power: Director of Business Concepts Group, Financial Planner and Accountant

NV148: FBT 2024

·20 min·2 clips
The ATO can now easily data-match company car registrations, making FBT audits for non-compliance almost inevitable.
Host Sarah Power and guest Chris Reid provide a 2024 update on Australian Fringe Benefits Tax (FBT), focusing on new ATO guidance, compliance risks for company vehicles and entertainment expenses, and key deadlines for lodgement. They emphasize the increased audit risk due to ATO data matching and clarify rules around electric vehicles and exempt vehicles.

As heard by us

A clear FBT refresher focused on compliance steps, vehicle use, and return timing.

This episode frames fringe benefits tax for 2024 as a practical compliance task, opening with the March BAS due date, the March quarter super guarantee deadline, and the 31 March FBT year end.

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Why you'd press play

A plain-language FBT reset as the 31 March year-end rolls over.

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