Christmas Gifts

  • Bah humbug: The Christmas tax dilemma

    Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season.  1. Keep team gifts spontaneous $300 is the minor benefit threshold for FBT so anything at or above this level will mean that your Christmas generosity will result in a gift to the ATO at a…

    Taxation
  • Avoiding the FBT Christmas Grinch!

    It’s that time of year again – what to do for the Christmas party for the team, customers, gifts of appreciation for your favourite accountant (just kidding), etc. Here are our top tips for a generous and tax effective Christmas season: Tax & Christmas For GST registered businesses (not tax exempt) that are not using the 50-50 split method for…

    Taxation | Fringe Benefits Tax