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2025 FBT Update & EV concession changes that may affect you

​As the Fringe Benefits Tax (FBT) year concludes on March 31, 2025, it's crucial for employers to stay informed about the latest updates, particularly concerning electric vehicles (EVs). The Australian Taxation Office (ATO) has introduced…
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Swerve out of car FBT record keeping roadblocks

31st of March every year marks the time to read the car odometer; not for the next visit to the mechanic, but for car FBT (Fringe Benefits Tax) reporting on your business' vehicles. You’re providing a car and it’s your obligation to report…
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FBT in 2023

2024 update: since these electric vehicle concessions were released, the ATO's been catching out business reporting incorrectly and hybrid electric vehicles have different rules. Head to our 2024 article for all the details. Fringe benefits…