FBT AUTOMATION. At PwC we understand that preparing FBT returns is a time consuming and resource heavy task.

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1 FBT AUTOMATION At PwC we understand that preparing FBT returns is a time consuming and resource heavy task. We have listened to the market and discovered that the most time consuming aspects of preparing an FBT return is compiling data related to entertainment and motor vehicles, as well as complying with declaration requirements. Combining our technical knowledge with the expertise of PwC s enterprise digital team we have developed solutions to assist you in meeting these obligations by maximising the efficiency of your time and efforts. Our offerings include: Swift.ENT Swift.MV FBT.Decs

2 Swift.ENT Developed by PwC s Enterprise Digital team, Swift.ENT uses machine learning algorithms to analyse entertainment expenses. Swift.ENT analyses and queries significant volumes of expenditure and then displays that data in a graphic format that is easy to read and interpret. It can automatically separate expenditure on sustenance from expenditure on entertainment. This is of particular value to clients when deciding if it s preferable to apply the actual or 50/50 method. How it works Upload expenditure data Link to supplementary data Swift.ENT automatically classifies data Output used to prepare FBT return Tax team reviews output Suggests additional queries A simpler process to save you time Swift.ENT integrates into your existing process and reduces the amount of human hours spent reviewing expenses. Analyse all accounts Swift.ENT makes it easier to strip out entertainment expenditure from nonentertainment accounts. Queries Swift.ENT can automatically trigger queries, Where further information is required. Supplementary data Swift.ENT can link in with supplementary data sources. (e.g. AMEX claims) Machine Learning Because Swift.ENT uses machine learning to analyse accounts, its performance improves over time.

3 User friendly interface The Swift.ENT dashboard is user friendly and secure it can be customised to meet your specific needs and requirements. The underlying technology learns the entertainment profile of your company by studying recurring information and feedback. Over time, this reduces your compliance burden, reduces your working hours and saves you money. Swift. ENT delivers the information you need for preparing the FBT return while ensuring you comply with ATO guidance. Enterprise Digital 3

4 Swift.MV Does your business have a fleet of vehicles? Is the compliance burden of logbooks and statutory declarations frustrating? Do you use the statutory method for FBT? About Swift.MV Swift.MV for motor-vehicles securely and privately tracks your fleet of vehicles to automate the generation of your company s FBT logbooks and associated compliance requirements. Swift reduces the burden of ensuring you are electing into the most advantageous FBT methodology on an on-going basis, so you save on unnecessary costs.

5 How it works The driver downloads the app. Swift.MV uses 4G to track journey and document mileage. The driver confirms route at destination. Swift.MV will remember it next time. The tax team can run queries based on the journey. Swift.MV automatically calculates the optimum FBT method. Data can be directly uploaded into FBT software. Cutting edge technology Developed by PwC s Enterprise Digital team, Swift.MV leverages GPS and 4G technology to track details of your routes through a secure portal. Coupled with an easy to use app for employees, the technology learns route information based on feedback which reduces the compliance burden over time saving time and money. The entire process is secure and private, only displaying information relevant to the preparation of FBT and to ensure you are FBT compliant with ATO guidance. Swift for motor vehicles Increase your compliance assurance 90% more reliance Easy to install iphone and Android compatible No more manual forms and s 65% average hours saved Potential for cash tax savings 33% tax saved Enterprise Digital 3

6 FBT.Decs Overview FBT.Decs is an automated declarations solution to the collection of employee declarations for FBT purposes. The application issues and collates declarations from employees for the purposes of preparation of FBT return(s). FBT.Decs was designed to reduce the compliance burden and time associated with the manual processes of issuing and collating declarations on an annual basis. Benefits Full automation of the collation of employee FBT declarations. Automated reminders scheduled to ensure employees who have not responded will be followed up on a regular basis. Automatic pre-filling of the data collated from the declarations into an excel spreadsheet. Collating of all completed and electronically signed declarations in soft copy format for record keeping purposes. Minimisation of potential manual errors from sending and collating of declarations and data obtained. No requirement for manual s, forms and declarations.

7 Contact Us Greg Kent Partner, Melbourne Tel: +61 (3) Stephanie Males Partner, Canberra Tel: +61 (2) Katie Lin Partner, Sydney Tel: +61 (2) Maria Ravese Partner, Adelaide Tel: +61 (8) Paula Shannon Partner, Brisbane Tel: +61 (7) Rohan Geddes Partner, Sydney Tel: +61 (2) Penelope Harris Partner, Perth Tel: +61 (8) Stephen Baker-Smith Partner, Melbourne Tel: +61 (3) PricewaterhouseCoopers. All rights reserved. PwC refers to the Australia member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. Liability limited by a scheme approved under Professional Standards Legislation. At PwC Australia our purpose is to build trust in society and solve important problems. We re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at