More tinsel, less tax. That should be the aim of every business owner hosting a Christmas Party this festive season.
While Christmas Parties are a time for celebration, in terms of tax implications they can also be incredibly confusing for small business owners. Different types of parties attract different tax rules. Depending on the its location, date, time and attendees a Christmas Party can be subject to various rules around Fringe Benefit Tax, GST Credits, Deductions and the Minor Benefits Exemption.
In this guide we explain the tax rules that guide Christmas Parties so you can stay off the ATO's naughty list.
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