If it is fringe benefit tax if you'reproviding something in lieu of the theincome to your staff or to yourself as ashareholder of a company so if companyproviding years as the directorshareholder with some benefits you haveto pay fringe benefit tax so for exampleif I say hey you working for us I giveyou a house you don't pay me rent butinstead of instead of paying you a$80,000 salary offer you $70,000 salarythe problem is for that $10,000 lesshe's not paying text you claiming allthose house expenses as a expense foryour business and nobody pays tax onthat benefit that is being received sothat's a concept behind us so most ofthe hospitality businesses prlunchor dinner free Janelle free lunch forthis staff it's the other thing thatusually happen is with the car so if youhave a company car and use that car foryour personal use then you have to payfor each benefit text so make sure thatyour monitor your fringe benefit text ifyou're not sure have a chat with us orwith your accountant please subscribehere to make sure that you receive allthe up-to-date videos in our Channel.
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Fringe Benefit Statement Form: What You Should Know
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