FBT Partner (NZ)

Do you find Fringe Benefit Tax (FBT) compliance complex and burdensome?

Our clients regularly comment that the FBT process adds significant costs to their business and creates unnecessary stress.

FBT compliance often takes precedence over more valuable finance work with some businesses forced to choose between their workload and the cash savings that will be gained from the attribution calculation.

FBT is often a major Inland Revenue Department review point - especially where Excel spreadsheets have not been kept up-to-date with changing FBT legislation or where the only people who knew how the spreadsheets work have moved on.

How does CCH FBT Partner help you?
We understand that businesses are not simply interested in purchasing tax software. They are interested in adding value to finance operations through optimising the compliance process.

CCH FBT Partner is specifically designed for New Zealand businesses and organisations to give you:

Confidence that your cash FBT liability is minimised every year
Confidence that FBT returns and supporting calculations are accurate and documented
Confidence that every return is compliant with FBT legislation
Significant reductions in time spent on FBT compliance
Minimised time on low value data entry and elimination of spreadsheet maintenance

What does it do?
CCH FBT Partner helps you complete your quarterly and annual compliance obligations.

Quarterly compliance
CCH FBT Partner:

Calculates your quarterly taxable benefits and FBT liability (including the correct benefit value for motor vehicles)
Calculates your quarterly GST on fringe benefits (including adjustments for zero rating and apportionment)
Produces your quarterly FBT return at the touch of a button

Annual compliance
CCH FBT Partner:

Calculates your annual taxable benefits and FBT liability with the ability to complete the attribution calculation at the touch of a button
The attribution calculation functionality works by calculating all possible attribution and pooling combinations and determines the combination that minimises your FBT liability
Produces detailed reports including FBT liability by individual and by cost centre
Produces your annual FBT return at the touch of a button

Making it easier for you

CCH FBT Partner contains multiple features to make it easier for you to complete your compliance obligations.

CCH FBT Partner is proprietary software (not Microsoft Excel)
It’s scalable from a handful of employees to NZs largest payrolls
Intuitive interface allowing quick and easy navigation
Data is stored centrally allowing robust aggregation and easy access to prior returns
Touch of a button data import directly into CCH FBT Partner
Touch of a button data export into excel (and other formats)
Built in instruction manual and legislation summary
Password protection of sensitive payroll information
Cost centre analysis including post attribution FBT liability by employee
Flexible for changes in employees during year
Determines if de minimus limits apply

What support will you receive?
When you buy CCH FBT Partner we won’t just leave you to it. We’ll help you with:

Installing the software
Training your people
Ongoing helpdesk support

Contact us today to learn more about the CCH Fringe Benefits Tax Partner, and how it can work for you. Call us on 1300 342 501, or email us at software@cch.com.au to request more information.