‘Tis the season to be jolly! Not if the tax office has anything to do with it.
If you are providing something such as entertainment (Christmas Parties) and Gifts to staff members, Fringe Benefits Tax is likely to apply.
What? It is true. There are rules around whether you can claim the expense as a tax deduction, claim the GST, or possibly a tax exemption. The following table can give you a guide to how to treat common expenses at this time of year. To ensure you are not paying more Fringe