Exempt fringes benefits – mobiles & other electronic devices

A small business can provide an employee with a portable electronic device every year and do so free of Fringe Benefits Tax.  They qualify as exempt fringes benefits.

That could be a mobile, lap-top or tablet.

The limit is one per year but it must be used for work purposes.

It probably doesn’t mean as much to the owner of a small business as they are going to get a deduction under the $20,000 asset write-off concession (but which is due to expire come 30^th June 2019).  But if you are an employee, it is a cost effective way of buying such items.

Want to know a few more tips – then call us.

Or better yet, meet with us as our initial meeting with business clients is free of cost or obligation.

At MRS, we will spend today planning for your success.