{"id":5345,"date":"2024-01-23T10:00:00","date_gmt":"2024-01-23T00:00:00","guid":{"rendered":"https:\/\/insight.thomsonreuters.com.au\/business\/?post_type=insight_resource&#038;p=5345"},"modified":"2024-01-24T09:10:59","modified_gmt":"2024-01-23T23:10:59","slug":"2024-fbt-guide-cost-and-time-savings-opportunities","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/2024-fbt-guide-cost-and-time-savings-opportunities","title":{"rendered":"2024 FBT Guide: Cost and time savings opportunities"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">FBT has long been regarded as one of the most complex and admin-heavy tax regimes. However, 2024 may signal the beginning of a new phase, with recent regulatory updates and technology offerings presenting opportunities for employers to not only reduce the administrative burden but also reduce its FBT payable.<\/p>\n\n\n\n<script type=\"text\/javascript\" async src=\"https:\/\/play.vidyard.com\/embed\/v4.js\"><\/script>\n \n<!-- Put this wherever you would like your player to appear -->\n<img decoding=\"async\"\n  style=\"width: 100%; margin: auto; display: block;\"\n  class=\"vidyard-player-embed\"\n  src=\"https:\/\/play.vidyard.com\/yb9tcjdYECziRUUuHQYDw3.jpg\"\n  data-uuid=\"yb9tcjdYECziRUUuHQYDw3\"\n  data-v=\"4\"\n  data-type=\"inline\"\n\/>\n\n\n\n<h2 class=\"wp-block-heading\">What&#8217;s in the 2024 FBT Guide?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">We\u2019ll discuss five key areas of FBT change that may affect your business most in 2024. These are:<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"1\">\n<li>The release of a number of legislative instruments to help reduce FBT Record Keeping<\/li>\n\n\n\n<li>A recent FBT case regarding Fly-in-Fly-Out Transport<\/li>\n\n\n\n<li>ATO guidance on FBT considerations for electric vehicles<\/li>\n\n\n\n<li>Taxation Ruling on the principles of deductibility for self-education expenses<\/li>\n\n\n\n<li>Car parking technology class ruling<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Register for the upcoming webinar<br><\/strong><a href=\"https:\/\/www.thomsonreuters.com.au\/en-au\/events\/webinar-2024-fbt-guide.html\">Register now<\/a> and join us on Thursday 8th February where we&#8217;ll deep dive and answer your questions on the biggest changes in FBT for 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FBT has long been regarded as one of the most complex and admin-heavy tax regimes. However, 2024 may signal the beginning of a new phase, with recent regulatory updates and&hellip;<\/p>\n","protected":false},"author":389,"featured_media":5347,"template":"","categories":[689],"tags":[760,1327,933,1305,764],"resource_type":[624],"insight_job_role":[805,808,880,881,882],"insight_practice_area":[],"class_list":["entry","author-ameshdesilva","post-5345","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-indirect-tax","tag-fbt","tag-fringe-benefits-tax","tag-indirect-tax-compliance","tag-tax-compliance","tag-tax-technology","resource_type-report","insight_job_role-chief-tax-officer","insight_job_role-head-of-tax","insight_job_role-tax-accountant","insight_job_role-tax-agent-advisor","insight_job_role-tax-manager-director","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2024 FBT Guide: Cost and time savings opportunities - TR - Business Insight Australia<\/title>\n<meta name=\"description\" content=\"Your 2024 FBT Guide from Thomson Reuters and KPMG. Discover the regulatory updates and technology offerings presenting opportunities for employers to reduce their administrative burden and reduce their FBT payables.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/2024-fbt-guide-cost-and-time-savings-opportunities\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2024 FBT Guide: Cost and time savings opportunities - TR - Business Insight Australia\" \/>\n<meta property=\"og:description\" content=\"Your 2024 FBT Guide from Thomson Reuters and KPMG. Discover the regulatory updates and technology offerings presenting opportunities for employers to reduce their administrative burden and reduce their FBT payables.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/2024-fbt-guide-cost-and-time-savings-opportunities\" \/>\n<meta property=\"og:site_name\" content=\"TR - Business Insight Australia\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-23T23:10:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2024\/01\/2880x1010_blank-qa_FBT24.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/2024-fbt-guide-cost-and-time-savings-opportunities\",\"url\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/2024-fbt-guide-cost-and-time-savings-opportunities\",\"name\":\"2024 FBT Guide: Cost and time savings opportunities - TR - Business Insight Australia\",\"isPartOf\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/2024-fbt-guide-cost-and-time-savings-opportunities#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/2024-fbt-guide-cost-and-time-savings-opportunities#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2024\/01\/2880x1010_blank-qa_FBT24.png\",\"datePublished\":\"2024-01-23T00:00:00+00:00\",\"dateModified\":\"2024-01-23T23:10:59+00:00\",\"description\":\"Your 2024 FBT Guide from Thomson Reuters and KPMG. 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