Keeping Track of Your Business Finances: The Importance of FBT Diaries and Logbooks

Understanding Fringe Benefits Tax (FBT) Before delving into the importance of FBT diaries and logbooks, let’s briefly understand what FBT entails. FBT is a tax imposed on employers for certain benefits provided to employees or their associates in connection with their employment. These benefits can range from company cars to health insurance, housing allowances, and […]