At the end of a long hard week, the boss pulling out a chilly bin of cold beers is always going to boost team morale. Even with a strict ‘no shop talk’ policy, chewing the fat over a drink or snack provided by an employer does wonders for team building and is a long-honoured tradition for many New Zealand businesses. But what is claimable & what is not?
Reminder - Your quarterly FBT return is due on 20th January 2021. Stay on top of your tax obligations so you can get on with operating your business. We'll help sort your FBT return.
Do you have employees that use the work vehicle privately? Do you have questions about the company vehicle and whether FBT applies to you? If you’re unsure then you should get yourself schooled up, because IRD have their eye squarely on the issue.
In a recent blog we wrote about entertainment expenses, what they are, and what is claimable, The Christmas season is also the time for gift giving. And as you would expect, there are certain rules around the level of deductibility that are explored in this article.
Now that we are in the final quarter of the year our thoughts typically turn to holiday celebrations. For you, this may also mean considering whether the celebrations are tax deductible. Over the years many people have asked these kinds of questions – so here it is – Christmas Expenses – what is deductible and what is not!