Are you ready for 31 March?

If you own a business and hire employees or you're a director of a company Fringe Benefits Tax (FBT) is something you need to consider.

The FBT year is 1 April to 31 March which means this FBT year is ending this Sunday.

What can you do?

1. Speak to your accountant about Fringe Benefits Tax and ensure they will be lodging a FBT Return for your business.

2. Take a photo of the odometer of the company car or self-owned car work pays the expenses for

3. Start getting all of your expenses receipts in order

4. work out what benefits you are currently providing and declarations you need your staff to sign.