Ah, the ever-exciting world of fringe benefits—because who doesn’t want a calculator to decode the tax labyrinth? A fringe benefit calculator helps you estimate the taxable value of non-cash perks your employer provides, like company cars, loans, or even that fancy coffee machine. In Australia, this is crucial for calculating your Fringe Benefits Tax (FBT), which is a hefty 47% on the grossed-up taxable value. Using tools on sites like the ATO or ServiceCentral can save you from having to do the math manually and potentially overpaying Uncle Sam.
Keep in mind, the calculator usually requires inputs such as the type of benefit, its value, and how it’s used. For the truly adventurous, various online calculators can be found on financial advice and tax preparation sites, but always cross-check with official ATO guidelines to avoid nasty surprises during tax time.
Check back soon, or revise your filters.
Listing your ad only takes a few minutes, and most categories are free.
Post an adA weekly hand-picked round-up of the best bargains, free stuff, and trending listings. No spam, unsubscribe anytime.
Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
Know the warning signs of a dodgy deal before you buy or sell online.
Read the guideRead guide