“…. most people lack real business knowledge, like accounting, like debt, like taxes, you got to know that stuff, but they don’t teach you at school, to anybody….” (Robert Kiyoskaki – Author of Rich dad poor dad)
We believe accounting and tax knowledge are essential life skills for everyone. That’s why this is the first building block to our unique wealth model.
Employers providing fringe benefits may be required to file FBT returns on a quarterly or annual basis. There are software that can assist with the preparation of FBT returns. That said, employers should have the basic FBT knowledge to review the output from the software and confirm the FBT calculated by the is correct.