FBT COMPLIANCE SOFTWARE

Optimise your Fringe Benefits Tax management

Thomson Reuters' FBT compliance technology delivers value beyond the FBT return. With user-friendly interfaces, it allows you to quickly produce FBT returns and reportable fringe benefits with flexibility to respond to employee queries and advanced integrity checking.

The new generation FBT software enables you to easily and efficiently fulfil your FBT compliance obligations and to handle large volumes of data quickly, meeting organisation specific benefit policies and reporting.

With Thomson Reuters FBT software solutions - FBTSimplifier and PowerTax FBT - you'll achieve better results, faster. Understand why:

Reporting and communication to suit your business needs

  • Customised reporting through a series of pre-designed templates on a benefit, employee, cost centre, state or reporting unit basis.
  • Extensive filtering and grouping options allow you to configure the information displayed.

Reduce the time spent on FBT compliance and record keeping

  • Easy to use interface for both tax and non-tax personnel
  • Minimise manipulation of data extracts through our flexible data upload facility allowing you to interface with source systems to electronically capture FBT information - e.g. general ledger, leasing and payroll systems
  • Drill down access to benefit calculations on employee by employee basis through the employee view screens
  • Advanced functionality enables data to be automatically captured from many sources and systems

Compliance confidence and control

  • Generates and populates the Australian Taxation Office FBT return form with comprehensive tax treatments
  • Allocation of benefits to employees for the purpose of Payment Summary disclosure (including application of the in-house benefit exemption)
  • Increased security over your sensitive information with ability to restrict access to defined users and to specify user roles - e.g. read only access for HR staff
  • Industry leading transparency in reporting, calculations and audit trails, adding value beyond compliance.
  • Unique consolidation management functionality allows you to quickly consolidate and report on multiple sites, entities and reporting units all from one central system