By: Bernard Marks
The book "Understanding Fringe Benefits Tax in Australia" by Bernard Marks is a comprehensive guide for employers in Australia, focusing on the intricacies of Fringe Benefits Tax (FBT). Here is a detailed overview:
The book is structured to provide a step-by-step guide for employers to navigate the complexities of FBT. It starts with an introduction to the basics of FBT, followed by detailed chapters on the different types of fringe benefits and how to calculate their taxable values. The guide also includes sections on record keeping and reporting requirements, ensuring that employers are compliant with Australian tax laws.
While specific reviews of the book are not readily available, the publication history suggests that it has been a trusted resource for many years. The book has been updated multiple times, with the third edition being published in 1991, indicating its relevance and utility in the field of FBT. The comprehensive nature of the guide, coupled with its updates, likely makes it a valuable resource for employers seeking to understand and manage their FBT obligations.
In summary, "Understanding Fringe Benefits Tax in Australia" by Bernard Marks is a seminal work that provides a thorough understanding of FBT for employers in Australia. Its comprehensive coverage and periodic updates make it a trusted resource in the field of taxation.