Everyone loves Christmas. A time for family, a time for celebration, a time for rest and reflection. It can also be a fabulous time for the Australian Taxation Office where decisions are incorrectly made regarding staff and client entertainment. At this time of year, additional benefits are typically provided to employees and clients in the form of entertainment and gifts. The Fringe Benefits Tax implications of providing such benefits are not always, and not easily understood by businesses. When the Fringe Benefits Tax exposure is not effectively mitigated, it could result in avoidable additional cost to businesses.
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