Make sure you're not on the ATO's naughty list this Christmas!
End of year parties and staff gifts are a great way to thank staff for all their hard work during the year and to celebrate the achievements of your team.
However, it is important to be aware of the potential fringe benefits tax (FBT) implications to ensure you don't get a nasty FBT Christmas present from the ATO.
Here are our top tips to consider to help keep you off the ATO's naughty list this Christmas. Please note these rules may differ slightly for tax-exempt entities.