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Fringe benefit tax returns

Fringe Benefit Tax Returns

Get ahead this FBT season with Lodgeit's SBR Cloud-based SaaS platform – your streamlined solution for FBT returns.

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Company tax return 2026

Harbour Coffee Pty Ltd

ATO prefill applied
Total business income$1,482,390
Cost of sales$612,004
Depreciation expenses$48,210
Taxable income$322,117
0 errors · 2 hints from tax professionals

Get ahead this FBT season with Lodgeit's SBR Cloud-based SaaS platform – your streamlined solution for FBT returns.

Simplify your FBT calculations

Simplify your FBT calculations from 1 April 2023 to 31 March 2024 with our intuitive platform.

Excel upload

Easily upload your Excel file and let Lodgeit auto-fill your tax forms with accurate reportable values.

Automated transposition

Avoid the hassle of manual data entry and reduce the risk of errors with our automated transposition feature.

ATO compliant

Lodge your FBT return confidently, knowing that Lodgeit is compliant with the latest ATO regulations.

Secure and efficient

Benefit from a secure and efficient FBT lodgment process that saves you time and effort.

Access anytime

Access our platform anytime, anywhere, and get your FBT obligations sorted well before the 22 May deadline.

FBT Import Utility

Trust in a system designed to support both tax professionals and business owners with their FBT requirements.

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FY2026 lodgements

New return

Lodged

1,284

In progress

Refunds

$2.4m

HCHarbour Coffee Pty LtdLodged
NFNguyen Family TrustReady
B&Baker & Co PartnershipIn review
SSSummit SMSFPrefill

Lodgeit makes lodging your Fringe Benefit Tax Return simple with just 6 steps to get started:

  1. 01

    STEP 01

    Sign up to use Lodgeit

  2. 02

    STEP 02

    Prepare your Fringe Benefit using Lodgeit Excel Workbook

  3. 03

    STEP 03

    Register for an MyGovId if you don’t have one

  4. 04

    STEP 04

    Connect Lodgeit to the Australian Tax Office

  5. 05

    STEP 05

    Import your "Lodgeit Excel Workbook" file and let Lodgeit auto-fill your tax forms with accurate reportable values.

  6. 06

    STEP 06

    Lodge your Fringe Benefit Tax Return!

Detailed instructions for completing your Fringe Benefit Tax Return

Learn More
go.lodgeit.net.au

Company tax return 2026

Harbour Coffee Pty Ltd

ATO prefill applied
Total business income$1,482,390
Cost of sales$612,004
Depreciation expenses$48,210
Taxable income$322,117
0 errors · 2 hints from tax professionals

Learn how to lodge in this 2min 45sec video.

How to use Lodgeit as a business owner

Sign-up & try the Lodgeit Fringe Benefit Tax Return Wizard now.

More about Lodging Your Own Tax Return

When a business owner decides to lodge their own tax return, they should consider the following general points:

  1. Determine the need to lodge

    Ascertain whether the business is required to lodge a tax return for the relevant income year. This is obligatory for most businesses that operate within Australia.

  2. Understand the due date

    The FBT return is usually due 21 May, unless an extension is granted or a tax agent lodges on your behalf.

  3. Choose the method of lodgement

    Business owners can lodge their tax returns through various methods, including using myTax for sole traders, SBR-enabled software.

  4. Calculate the taxable value

    Work out the taxable value of each fringe benefit using the specific valuation rules provided by the ATO for each benefit category.

  5. Sum the taxable values

    Add up the taxable values of all fringe benefits provided to each employee to determine if their total taxable value exceeds the reporting threshold of $2,000.

  6. Keep good records

    Maintaining proper and complete records is essential, as it helps to substantiate claims made in the tax return. Records must be kept for at least five years.

  7. Review the return

    Double-check the tax return for accuracy before lodging. Even if using a tax agent, the business owner is ultimately responsible for the correctness of the information in the return.

  8. Lodge on time

    Ensure that the tax return is lodged prior to the due date to avoid any late lodgement penalties.

  9. Understand obligations

    Acknowledge the business owner’s responsibility for what’s reported in the tax return, even if assistance is used to prepare it.

  10. Report RFBA

    If the threshold is exceeded, calculate the employee’s reportable fringe benefits amount (RFBA) and report it through Single Touch Payroll or on the employee’s payment summary.

  11. Seek help if needed

    If in doubt, contact the ATO or consult a tax professional. Eligible business owners may also consider the ATO’s Tax Help program for free assistance.

  12. Consider changes in law

    Keep abreast of any tax law changes that may affect the business tax return for that income year.

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