/* @var \App\Domain\Entities\BlogArticle $item */ ?>
Be ahead of the news in accounting, private wealth and finance
This year has passed by faster than ever, and it is unbelievable we are only a week from Christmas now. Many small business owners like to thank their employees around this time of year, in the spirit of giving and appreciation.
We often have enquiries from business clients, as to how they should classify gifts given to team members, and what both the Tax & FBT implications of this will be.
It can be appropriate to give your staff a gift known in ATO terms as a ‘non-entertainment’ gift. To meet this classification and for the amount be fully tax deductible with no FBT payable, any gift will need to be valued at less than $300. Read more