Christmas Parties, Presents and Tax
Christmas is a great time to acknowledge and reward your employees and their associates by celebrating and giving gifts. But don’t get caught out by the ATO entertainment rules! Claiming entertainment and gifts as business expenses is not always straight-forward, as there are implications for GST, income tax and fringe benefits tax (FBT). Is it […]
Temporary Full Expensing (TFE) set to finish on 30th June 2023
The Australian Taxation Office has announced that Temporary Full Expensing is set to finish on the 30th of June 2023. Paul Turnbull, Manager at DFK Benjamin King Money, provides a helpful guide below on what you should consider before the deadline. Business clients should keep in mind the immediate deduction for eligible capital expenditure is set […]
