Thinking of a big Christmas party/gift? Think again!
With the silly season fast approaching and the annual Christmas party up and coming, we wanted to bring to your attention some of the tax consequences during the festive period. Along with income tax and GST, there is Fringe Benefits Tax (FBT) to consider and often gets overlooked when providing numerous benefits to employees. FBT […]
Fringe Benefits Tax – Do I provide employee benefits?
Fringe Benefit Tax (FBT) – where do we start? Yep – it’s approaching that time of year where an annual review of your business’s benefits is undertaken. A return is lodged or most commonly “we don’t provide any benefits to our employees” is the main point of action. As we harp on every year…..EVERY BUSINESS […]