Archives for December 2016

Christmas Party Decision Tree

This flowchart will help businesses work out the general tax implications of the year-end Christmas party.   Minor benefit exemption must be less than $300 per benefit, provided on an Irregular and infrequent basis, and satisfy other relevant conditions. Income  tax  treatment  for  entertainment  expenses  determined under tax law.  An associate of  an employee is  [Read more…]

Extend the festive cheer (but in a tax efficient way)

The festive season is here again. As with other years it is always brimming with the spirit of giving. The list of practical ways in which Australians spread goodwill is as endless as a Christmas wreath. The ATO also gets into the spirit of the season, but of course feels required to set some limits. When [Read more…]