What are the key features of the FBT Report + Declarations App?

Lodging a FBT Return for your clients - even if nil, de-risks your practice and also your client. The smart accountant will recommend to their clients to have FBT Returns prepared and lodged each year

Not only does the FBT Reports + Decs App create efficient and professional reports and declarations, it also educates employers about the intricacies of FBT
The smart accountant will recommend to their clients to have FBT Returns prepared and lodged each year – and this restricts the ATO to a 3 year look back period
The ATO has a risk rating system for accountants – once an accountant is flagged for FBT risk, their exposure increases across all areas of ATO compliance
Use the FBT Resources in ChangeGPS available in CORE > Resources, including FBT Workpapers. Easily transfer the values calculated with FBT Workpapers to the FBT App
Refer to the FBT Marketing & Training Plan found in CORE > Resources for tips and email templates to help you incorporate FBT reporting as part of your client service plans

Introduction including an itemised list of the declarations you selected at the outset of the process
FBT Summary (NB employee information will roll forward in subsequent years making report process even more efficient)
Actions For You outlining what the employer and their employees need to sign plus a statement about recordkeeping
FBT Calculations itemised by category
Summary of journal entries required for BAS
Employee Contributions and GST Adjustments showing the auto journal entries and the impact on BAS – useful for giving bookkeepers specific advice, and giving you confidence it’s accurate
Summary Of Issues itemised pages prompting authorised signatures to be made
During Collate step add info sheets and supporting documentation to include in the report
Send the report to client to sign or add document to your Xero Tax workflow