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Fringe Benefits Tax (FBT)

Simplify FBT Compliance and Minimise Your Tax Burden.

About Fringe Benefits Tax (FBT)

Navigating Fringe Benefits Tax (FBT) can be challenging for many businesses, but Factor1 is here to simplify the process and ensure compliance. FBT applies to benefits provided to employees or their associates in addition to their salary or wages. From cars and entertainment to loans and discounts, understanding which benefits are taxable and how to manage them effectively is crucial.

Our FBT Services Include:
-Comprehensive FBT assessments and strategic advice
-Preparation and lodgement of FBT returns
-Guidance on exempt and concessionary benefits
-Record-keeping support and compliance checks
-Employee education and communication on FBT matters

With Factor1, you can manage your FBT obligations with confidence and ease, allowing you to focus on running your business.

Struggling With Compliance, Tax or Financial Pressure? We're Here to Help.

Running a business in Australia means juggling deadlines, tax obligations, and financial decisions—all while trying to grow. At Factor1, we help business owners stay compliant, avoid penalties, and take control of their financial future. Whether it’s BAS lodgements, company registrations, or strategic advice, we’re the partner you can rely on to simplify the complex and support your success.

The Factor1 Guarantee: No Surprises. Just Trusted Advice.

With Factor1, you’re backed by a team of qualified accountants and advisers who care about your results. We guarantee:

Factor1 Accountants and Business Advisers

5.0

Based on 48 reviews

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Tayla Hope

06:24 10 Sep 24

Factor 1 was a seamless experience. Answered all my questions and had lots of expert knowledge.

Ange James

23:41 23 Jul 24

Ellen and her team are so efficient and pleasant to work with.

Ashan Sudrikku

22:18 11 Jul 24

very professional and prompt service

Gan Dran

01:32 25 Jun 24

Communication and responsive!Big thanks to Ellen Soh & Terry Chung for their awesome customer service, communication with both of them is very clear & prompt. Very knowledgeable accountants with number of years of experience.Look forward to working with them in the future!

Chris polomack

06:19 27 May 24

3 years with Terry Chung. Never regretted to have changed accountant.Thanks Factor1 🔥🔥🔥🫡

Jenny Knott

11:29 28 Apr 24

We have been with Factor1 for a number of years. Professional and approachable team and give great service and advice. Very quick in replies if we have queries. And they are very nice people.

Paul Zappa

04:22 09 Apr 24

Factor 1 have been fantastic!They are highly responsive and provide a the necessary sense of confidence business owners need when making key decisions.

Briony Vince

02:48 07 Mar 24

I have been using Factor 1 since I started my business and they are very thorough and imaginative in their solutions. They are approachable to discuss challenges that come up along the way. Recommended!

Helping You Across All Aspects of Business Accounting and Advice

Factor1 offers a complete range of professional services to support your business at every stage:

Accounting & Tax

Stay compliant and maximise your returns

Financial Planning

Plan smarter for a secure future

Taxation Services

Keep your obligations up to date with ease

Management & Strategic Consulting

Get expert insights to drive growth

Finance & Lending

Navigate funding with trusted guidance

Corporate Services

Simplify registrations, ASIC compliance and governance

Bookkeeping

Streamline records with accurate, reliable reporting

Accounting & Tax

Financial Planning

Estate Planning & Business Succession

Superannuation

Business Valuations

Investment & Financial Planning

Taxation Services

Business / Entity Taxation

BAS Lodgement