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We'll Help You Manage FBT and GST

Looking for an easier way to handle FBT?

Fringe Benefits Tax (FBT) is a tax paid by employers based on the taxable value of specific benefits provided to employees, including certain travel and entertainment (T&E) claim items. Without the right solutions in place, managing your T&E FBT reporting and liability can be confusing - leaving your organisation at audit risk and substantial loss of money and time.

The good news is that Concur can help by taking the guess work out your FBT liability for your employees travel and entertainment (T&E) spend. We enable you to properly calculate FBT based on the current rules set out by the Australian Taxation Office (ATO). We’ll even help to provide the visibility to facilitate your FBT reporting.

By automating your travel and expense claim process, you can enable electronic receipts, incorporate corporate card data transactions and easily track receipts, allowing you to capture the right information at the right time. The result: An easier way to accurately manage your T&E FBT liability. It’s that simple.

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Why pay more GST if you don’t have to?

Today, 80 percent of companies who try to recover Goods and Services Taxes (GST) encounter difficulties because they do not understand the opportunity; it is time-consuming and resource intensive or they lack local tax expertise. By automating your travel and expense claim process with Concur, you will benefit from having one seamless solution that includes functionality from Taxback.com, the industry-leading GST/VAT reclaim service provider.

Benefits include:

  • Maximised GST Recovery: Concur’s data analysis tool quickly and easily identifies possible GST refund opportunities.
  • Full Visibility & Control: Greater management of ongoing GST claims with access to online tracking that predicts and manages financial accruals, budgets and cash flow.
  • GST Compliance & Compliant Receipts: Save time and increase GST refund potential by capturing corporate card transactions with electronic receipt images complying with GST standards.

 

Every year, organisations lose money through unclaimed GST. With Concur, you can maximise GST recovery and reduce the costs of conducting business abroad.