Xmas time! Time to dust off that Xmas Tree and deck the halls for that end of year Xmas work party.
Stock up on those employer Xmas gift hampers!!
Woah, hold up, before you get too excited with the festive season, do you know what entertainment expenses and Xmas gifts you can claim back on, and which ones may incur FBT.
There are 3 main types of entertainment expenses that your Xmas staff party, employee gift hamper and even client gifts can fall into.
Cristina Canard is the principal accountant at Apex Accountancy Ltd. Cristina keeps up to date with all the relevant tax changes in New Zealand.