Organisation structure overview
ONESOURCE Fringe Benefits Tax was created to cater to the needs of any organisation that needs to prepare a Fringe Benefit Tax return. Each organisation has its own particular structure. Most are single entity and require little in the way of setting up. Some are large multi-site or multi-client accounting firms and some consolidate various parts of the organisation for reporting purposes.
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You can roll forward your organisation structure and on-going benefits (cars, car parks, etc.).
Example organisation structure
The organisation is the top level of the ONESOURCE Fringe Benefits Tax hierarchy. All data entered relates to the current active organisation. The organisation in this illustration is moderately complex. The organisation encapsulates the whole of business, which in this example is composed of three legal entities. Each entity lodges an FBT return.
- Legal entity 1 splits the FBT data for their business into two reporting entities. In this example they are two divisions.
- Legal entity 2 compiles all their FBT data into a single reporting entity.
- Legal entity 3 similarly compiles all their FBT data into a single reporting entity.
The business has management reporting oversight of both legal entity 1 and 2, so they are placed into a reporting group to facilitate this reporting.