"FBT is seen by many as a ""red tape"" tax - a waste of time that clients won't want to pay for.
But now that the ATO has identified a $1 billion gap and has publicised its intent to close it, it's an area we must take seriously.
The ATO expects tax agents will engage with their clients around FBT, so it’s up to you to educate your clients on the need to lodge an FBT Report and how it’s a small price to pay to limit the time for an FBT audit. "
Agenda
Learn how lodging an FBT Return every year – even a NIL return - reduces risk for your practice and clients.
Hear how to educate your clients on the importance and benefits of lodging a FBT Return.
Get tips on overcoming client objections to lodging FBT Returns for the first time.
Hear directly from Paul Mather, an FBT expert with over 25 years of hands-on Employment Taxes & Salary Packaging experience.
Presenters
David Boyar
CEO, ChangeGPS
David joined ChangeGPS as GM of Growth and then CEO to drive the development of the industry after founding The Virtual CFO Association and co-hosting 'From the Trenches'—Australia's #2 iTunes business podcast. David's one of the youngest Fellow Chartered Accountants in Australia. He loves using accounting to help Aussie mums and dads so much that he did a TedX talk on it.
Timothy Munro
Founder & Executive Director, ChangeGPS
Tim founded ChangeGPS after founding the award-winning accounting firm Change Accountants & Advisors. Tim is a former Director and Queensland President of the Institute of Public Accountants. He lives and breathes his professional passion for accounting. At ChangeGPS Tim fuels the vision for a better accounting industry using technology and best practice. Outside work, Tim’s a parent, drummer, and cricket-player.
Paul Mather
Managing Partner, FBT Salary Packaging Solutions
Paul has over 25 years hands-on Employment Taxes & Salary Packaging experience across all industry sectors and businesses ranging from large corporates, SMEs, Not for Profits and Government.
Paul helps employers reduce risk, increase efficiency and maximise opportunities by working with Employers' functional teams, including Tax, Finance, Payroll, HR, Procurement, Legal, Risk and Fleet Management.
Paul works closely with Accounting firms to ensure they are proactively managing their client's FBT obligations and have a well-structured "FBT Service Line" offering for clients.