Christmas gifts and parties – how do you treat them?

Current as of 18 November 2015   It is that time of the year again and, like every other year, we receive numerous questions about how the normal Christmas gifts and parties should be treated for tax purposes. If properly planned you can ensure that they don’t cost you more than they have to. Below we have looked at the … Read More

Our December 2014 newsletter

Current as of December 2014 [vc_row][vc_column width=”2/3″] What are phantom shares? Phantom stock is a US phenomenon, that has been adopted and adapted in the UK and is now getting more attention in Australia. It is essentially an Employee Share Scheme (ESS) designed to remunerate key employees at some stage in the future. As the remuneration is deferred, so is … Read More

Christmas gifts & events

Current as of December 2014 It is almost that time of year and we thought we should again highlight the tax and Fringe Benefits Tax (FBT) side of the various Christmas benefits that may arise. The area is quite complex but in general terms the rules for a taxable employer are; Staff gifts such as a bottle of wine, gift … Read More