FBT 2025 – Return Preparation Process

It’s an old but true cliché – to fail to plan, is to plan to fail! And this has never been truer than for annual FBT Return reporting, employee reporting and Payroll Tax, GST and Income Tax interactions.

The annual FBT Return preparation process could be explained as 80% practical and 20% technical – by 31 March, the horse has bolted when it comes to technical analysis and valuation options.

In this session we will discuss and provide a practical understanding of what’s required to plan your 2025 FBT Return Preparation Process – from start to lodgement and beyond.

We will discuss how to set a timeline and how to identify the key timeline dates. FBT Return preparation requires a team effort – we will discuss who needs to be involved, when they need to be involved and the nature of their involvement.

FBT Return preparation involves input data and information from multiple sources of information.

The outputs from the FBT Return preparation are just as crucial and represent the “end game”. We will discuss, what needs to be delivered, too whom, in what format and by when?

This session is a must attend for FBT Return preparers and those reviewing FBT Returns. The content is highly practical and provides a step by step guide to FBT Return preparation.

Learning Outcomes:

Attendees will understand all the practical steps in preparing the annual FBT Return, including:

• Setting a timeline to incorporate all key stakeholders
• Decision making process for preparation / review versus outsourcing
• Understand the multiple sources of data, when it is needed, by whom and in what format
• Identifying the “FBT team” to be involved, their roles and responsibilities (both Internal and External)
• Identifying key dates and requirements
• Understanding the key outputs, including:

• Comparative analysis
• FBT Return form
• Calculating 2025 FBT Instalments
• Cost Centre / Division reporting
• Payroll reporting including reconciliation of Salary Packaged arrangements
• Calculating Reportable Fringe Benefits amounts
• Payroll Tax reporting
• Inclusion of Fringe Benefit values in calculating Workcover Premiums
• GST reconciliation on Entertainment expenses

Suited to:

This session is suited to all Employers and Advisers who are required to prepare or review FBT Returns, including Corporates, SME’s, Charities, Not for Profits and Local, State and Federal Government and Accounting firms.

FBT Return preparers and reviewers, including Accountants, Tax Accountants, Financial Accountants, Finance Managers, Payroll Managers, Tax Agents, Tax Practitioners and their teams.

This On Demand recording Includes: 

• Recording of the Live Webinar, which can be viewed multiple times, for as long as required 
• Presenters contact details for follow up questions 
• CPD Quiz
• CPD Certificate 
• CPD Report – Logged automatically 
• PowerPoint Presentation
• Verbatim Transcript, with Searchability
• Supporting Documentation