Unit 1: FBT 101 - 2024

Let’s get started with FBT fundamentals.

In this unit, we cover:

• Introduction to the case study

• Overview of FBT & administration

• Key concepts and definitions:

  • Employers and special types of employers

  • Employee

  • Third party arrangement

• Calculating the FBT liability

  • Grossing up taxable values

  • Employee contributions

• Reporta...