Party-planning for your employees
- BBDB
- Apr 11, 2023
- 1 min read
Are you planning a party for your employees, or thinking in advance about an end-of-financial-year celebration?
Before your employees pop on their party hats, make sure you consider the fringe benefits tax (FBT) implications of your celebration.
These will depend on:
the amount you spend on each employee
when and where your party is held
who attends - is it just employees, or are partners, clients or suppliers also invited?
the value and type of gifts you provide.
Remember to keep all records relating to the entertainment-related fringe benefits you provide, including how you calculated the taxable value of benefits.
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