Christmas parties can be great fun, as long as you don’t let Fringe Benefits Tax (FBT) ruin the party. If not managed correctly, FBT can lead to unnecessary tax bills.
If you are not sure which of the benefits you provide to your employees are subject to FBT then check out the ATO’s guide to make it easier to work out whether you have an issue to consider. Click here for further information.
As always, if you have any questions regarding how this might apply to your business, please feel free to give us a call.