FBTSimplifier

Now you can manage your fringe benefits tax from beginning to end with the power of Thomson Reuters. We've taken the proven capabilities of FBTSimplifier and enhanced it with the strength of the ONESOURCE portfolio of integrated tax and accounting solutions.

FBTSimplifier offers comprehensive reporting capability as well as scalability and functionality to enable easy upload, input, capture, and collation of FBT data.

One process. Multiple outputs.

With FBTSimplifier, you'll have a single process to generate:

Lodgeable FBT return forms
Management reports - including cost centre reports
RFBA reports for payroll
Employee RFBA letters

BENEFITS

Powerful yet easy to use
Saves time and reduces risk during the FBT compliance process through greater workflow efficiency
Enables Finance, Human Resources and Tax teams to add value with advanced integrity checking and high levels of automation
Liberates you from the limitations and risks of conventional spreadsheets and database forms
Minimises risk and maximises productivity

FEATURES

Collate

Standard data collection templates
Flexible importing from your existing systems
Flexible formats permitted
Saves time
Reduces errors
Instant data validation
Simple rollover of prior year information
Closing balances become opening balances
Bring forward employee details, standard categories and cost centres
Detailed checklists to identify all benefits

Calculate

Accurate worksheets for every benefit
Choice of formats
Ability to track benefits at employee level
Comprehensive guidance and tax technical commentary throughout
Direct links to all declarations and elections
Total by category and/or cost center

Consolidate

Combine multiple employers, sites or reporting entities
Compare year on year information
Review benefit totals and FBT payable

Communicate

Prepare the ATO form for lodgement
Many useful standard reports
Unlimited user-prepared reports via wizard
Reportable benefit data for Payment Summaries
Flexible output formats including Excel and PDF