KBSA FBT Questionnaire

  • KBSA FBT Questionnaire

    The following checklist will help you work out if you are already providing a fringe benefit to your employees. If any of the following apply, Knight Business Services & Advisors will determine if you need to be registered for FBT and calculate any FBT liability on your behalf.
  • Format: (000) 000-0000.

  • 1. Employee Classification

  • Does the company have any employees, including Directors, on payroll?
  • Does the company provide benefits to employees in addition to salary or wages? (e.g. company cars, entertainment, loans etc.)

  • 2. Type of Benefits Provided

  • At any time from 1st April 2025 to 31st March 2026, did the company: (tick all that apply)

  • 3. Employee or Associate Relationships

  • Does the company provide any benefits to associates or family members of employees?
  • Does the company provide benefits to directors/partners who are not employees?

  • 4. Salary Packaging

  • Does the company have a salary package or remuneration arrangement for any of your employees?

  • 5. Business Size and Annual Threshold

  • Is the company annual turnover (gross income) more than $150,000?
  • Does the company pay employees above the minimum wage for your industry or position?

  • 6. Other Taxation Considerations

  • Has the company registered for FBT in the past?
  • Does the company report and pay PAYG (Pay As You Go) withholding tax on employees' wages?

  • 7. Special Circumstances

  • Does the company have employees with disability who receive specific benefits? (e.g. certain allowances or arrangements)
  • Does the company provide a “living-away-from-home” allowance or benefits to employees who work away from their usual place of residence?

  • 8. Recordkeeping and Reporting

  • Does the company maintain records of any benefits provided to employees? (MV Schedule, Entertainment Schedule etc.)
  • Does the company calculate and track the cost of benefits provided to employees throughout the year?
  • For motor vehicles, have company employees kept a log book for 12 continuous weeks containing date of travel, odometer readings, purpose of the journey, total km’s travelled and whether it was personal or business?
  • For entertainment, does the company record the date of event or meal and the names of employees attending?

  • Assessment of Eligibility

    • If you answered YES to any of the questions in Section 2, 3 or 4, it is likely the company is required to register for FBT.
    • If the company's business turnover exceeds $150,000 per year, it may be required to pay FBT on benefits provided to employees.
    • If the company does not provide benefits to employees (Section 2), it may not need to register for FBT. However, be aware that even small benefits (like the private use of company cars) may trigger FBT obligations.

  • Next Steps

    • Contact us to discuss your answers and attend to the FBT registration for your business if required.
    • Help us with collecting the required information to complete any FBT Return for 2026.

  • Contact Us

    Knight Business Services & Advisors

    E: jason@kbsa.com.au

    T: 03 9850 1953

    W: kbsaccounting.com.au

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