From www.pwc.com.au: The exponential growth of AI has transformed workforce management, offering tax professionals innovative tools to improve compliance efficiency, particularly in preparing FBT returns.

Advanced technology, including AI platforms, streamlines data collection and analysis for determining the classification and valuation of entertainment benefits, allowing organisations to take advantage of potential tax concessions.

Employers can enhance their FBT outcomes by utilizing customisable expense management systems that automate processes, reducing human error and ensuring accurate categorization of expenses.

Filed under: FBT, Tech