Key FBT Dates Every Small Business Must Know
Just like income tax, FBT follows its own deadlines. Missing these can result in penalties, so keep these dates in mind:
- FBT Year Ends: 31 March
- FBT Return Due Date: 21 May (if self-lodging)
- Payment Due Date: 28 May (for most employers)
👉 Pro Tip: Automate reminders in your accounting software or business calendar so you never miss a deadline.
Helpful ATO Resources for Small Business Owners
The Australian Taxation Office provides a range of tools to help you understand and manage FBT:
- How Fringe Benefits Tax Works – A comprehensive overview of FBT, including exemptions and calculation methods.
- FBT Guide for Employers – A practical handbook covering obligations, record-keeping, and lodgement instructions.
These guides include examples, calculators, and downloadable checklists—making compliance easier for busy business owners.
How to Manage FBT Without the Stress
FBT doesn’t need to be complicated. Here are some strategies to simplify compliance:
- Maintain Accurate Records – Keep a log of all non-salary benefits given to staff.
- Use Cloud Accounting Software – Automate FBT calculations and deadline alerts.
- Review Benefits Regularly – Ensure perks are still cost-effective and tax-efficient.
- Seek Professional Help – An advisor can identify exemptions or concessions to reduce your liability.
By staying proactive, you can turn FBT management into a routine process rather than a last-minute headache.
FBT compliance is all about preparation. With the right tools, awareness of key dates, and professional support, small businesses can stay compliant without unnecessary stress.
At Business Genie, we help business owners simplify tax obligations. Our free 30-minute consultation covers FBT rules, practical examples, and compliance strategies tailored to your needs.
👉 Book your free consultation today and manage FBT with confidence.
