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FBT audits: The ATO takes aim at employers

Published on 01 Dec 10 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The statistics from the recent ATO FBT audit and compliance activities don't lie. With 70% of employers non-compliant and 69% of employers failing to lodge an FBT return, the ATO has taken a greater aim at employers. The ATO is broadening its approach to the SME and large business sectors. Along with this is an in-depth focus on cars, car parking, living-away-from-home allowances, entertainment, and employee contributions.

Author profile:

Paul Mather
Paul is a Director with FBT Solutions. Paul is a member of the Institute of Chartered Accountants (in both Australia and New Zealand), a registered tax agent, and a member of the ATO National Tax Liaison Group Fringe Benefits Tax Subcommittee.
Current at 1 December 2010.
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