If you or your crew use a work vehicle for personal purposes, your business might be liable for fringe benefits tax (FBT). The Australian Taxation Office lifts the bonnet on FBT to help you get your obligations right and avoid unwanted consequences. If your business provides its employees with non-cash perks in addition to their regular wage or salary, then you might be providing a ‘fringe benefit’, which could have tax implications for your business. FBT is a tax that businesses pay when...
