FBT on Christmas Parties

It’s the end of another long year, which means only one thing – it’s party time!!

But before you start planning the most epic bash your employees have seen, it’s important to consider the tax consequences of the fun that you’re planning.

Unfortunately, there are numerous issues with expenses incurred in relation to the Silly Season, including income tax, GST and FBT complications.

Here’s a brief rundown of what may and may not be deductible:

If in doubt, please contact us to discuss your plans.