Best to refresh your memory on the allowable deductions and FBT rules, before the event, so you don’t end up with any surprise tax to pay!
It is possible to enjoy some tax benefits out of your generosity and avoid Fringe Benefits Tax (FBT).
The following is a general summary of the tax treatment of Christmas giving.
Let’s not admit defeat, but be a bit more like Thomas Edison,
‘I have not failed. I’ve just found 10,000 ways that won’t work.’
and celebrate ways that won’t work. Finding ways that won’t work means you are doing something to improve the way you work or even create whole new ways of working.
to keep up with the news
Be the first to know about critical dates and important gossip!