Leveraging Fringe Benefits: Navigating Work-Related Item Exemptions for Maximum Advantage
The most cost-efficient benefit an employer can give an employee is one that is both deductible for income tax purposes and exempt from Fringe Benefits Tax (FBT). One such type of benefit is the ‘work-related item’ FBT exemption. Like all concessions, there are some requirements that must be met to take advantage of it. What […]