What is the Maxxia approach to managing Fringe Benefits Tax (FBT) obligations?
Payroll and finance
Maxxia has dedicated systems, procedures and teams to manage, collect, track and report FBT on behalf of our employer clients and ensure timely, accurate and ATO-accepted reporting.
In the unlikely event of a FBT shortfall, we take complete ownership of the FBT shortfall collection process. Our FBT Indemnity ensures that employer clients will be indemnified for any unplanned FBT liabilities arising from our management of your program.
Maxxia will contact the employee directly to advise of any FBT shortfall and make arrangements for repayment.
Disclaimer: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Employers should independently consider whether a benefits program is appropriate for their organisation and seek advice where appropriate. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your organisation’s approval. Maxxia may receive commissions in connection with its services. Maxxia does not act as your agent or representative (or provide you with any advice or recommendations) in respect of the purchase of any vehicle.