Having A Party Or Giving Gifts This Chrissy?
There’s more to think about than who has been naughty and who has been nice this Christmas, although that is important!
You need to consider if your business will be able to claim a tax deduction or if you may need to pay fringe benefits when rewarding employees.
Here’s a few key considerations:
- How much will it all cost?
- Is it at your office or held off site?
- Who are you inviting? Staff or friends?
Here’s a few useful links thanks to the ATO:
- Fringe benefits tax and Christmas parties
- Entertainment and fringe benefits
- Fringe benefits tax and entertainment for small business