Tuesday, 8 December 2015

CHRISTMAS PARTIES & PRESENTS : WHAT ARE THE TAX IMPLICATIONS?

 
This time of year employers often give presents and throw parties for their hard working staff. Two questions that often pop up is whether these costs are deductible in the business and if they are subject to Fringe Benefit Tax.
 
The following link from the ATO explains the tax implications of the festive season:

Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in WoodendGisborne and Macedon Ranges areas within Victoria Australia.

No comments:

Post a comment