From fortisap.com.au: Businesses must review their FBT obligations before the year ends on 31 March, focusing on electric vehicle exemptions, contractor classifications, and record-keeping.

Employers providing electric vehicles may qualify for FBT exemptions if they meet specific criteria, while FBT on work-from-home equipment is generally exempt unless used primarily for personal reasons.

The ATO is intensifying scrutiny on contractor classifications, and businesses should ensure compliance to avoid unnecessary tax liabilities and penalties.