Big Ideas, Bigger Ambitions
Cloud-Based and Remote
Fast Responses, Always

Fringe Benefits Tax Return

Vector
If your business provides perks like team lunches, gym memberships or access to a work car, you may need to lodge a fringe benefits tax return. At Propeller, we help you figure out where you stand, manage your obligations, and make sure it is all handled properly.
Sample Featured Review
Group 163321
“Wonderful people, great client service and they sure know their stuff!“

Ashley Irving

Propelling Your Business Forward with Strategy and Support
At Propeller We Speak Human

What is a Fringe Benefit?

Vector

A fringe benefit is anything you provide to employees that is not direct salary or wages. This can include:

  • Cars used for personal travel
  • Entertainment and events
  • Gym or wellness memberships
  • Reimbursed personal expenses
  • Staff discounts or travel perks

These are common in many businesses but can trigger tax reporting without you realising it. We make it easy to understand whether these benefits are taxable and what needs to be done about it.

Image Auto Layout

Do You Need To Lodge a Fringe Benefits Tax Return?

If you have provided any non-cash benefits between 1 April and 31 March, you may need to lodge a return with the ATO. It is not always obvious what qualifies or how it is valued. That is where we step in. We will assess your situation, identify any fringe benefits, and confirm whether a return is required. If it is, we will take care of the entire process from calculation to lodgement. Returns are due by 21 May, but if you lodge through a tax agent like Propeller, you may receive an extended deadline. Either way, we make sure it is done accurately and on time.

What Propeller Will Do For You

We take the guesswork out of fringe benefits tax and give you practical support. Our service includes:

  • Reviewing payments and perks provided to employees
  • Identifying fringe benefits and exemptions
  • Calculating your fringe benefits tax liability
  • Preparing and lodging your return
  • Advising on how to reduce or avoid FBT in future

If there are smarter ways to structure your benefits, we will walk you through them. Our focus is on keeping you compliant without overpaying tax.

Avoid Surprises and Stay Compliant

Fringe benefits tax is one of those things that can quietly build up if you are not watching for it. We work with business owners who want clarity, not confusion. Whether this is your first fringe benefits tax return or something you have been managing for years, we are here to make it easier. Talk to our team today.

Rectangle

FAQs

1. What is the fringe benefits tax rate?

The current rate is 47 percent, applied to the grossed-up taxable value of the benefit. We calculate this for you and explain how it affects your business.

Possibly. Some benefits are exempt or fall under the minor benefit threshold. We will review your situation and show you what applies.

You could face penalties and interest from the ATO. Even if your FBT is zero, lodging a nil return can help you avoid future issues.

You should keep detailed records of any benefits provided. This includes receipts, logbooks for vehicles, and employee contribution details. We will let you know what to provide.

The FBT year ends on 31 March and the return is due by 21 May. If you lodge through Propeller, you may receive extra time.

Group 163349
At Propeller We Speak Human
Australia's Leading Growth Accountants for Profitability & Planning