Recent Posts

Archive

Tags

Can I claim Christmas Gifts?

As the holiday season draws closer, many workplaces will be having their annual Christmas parties and purchasing gifts for their staff and customers. But did you know that just because the business is paying for the gift, it does not mean that a tax deduction is always allowed. For customers and suppliers, only gifts that are "non entertainment" in nature are allowed as tax deductions. Examples of an entertainment gift are tickets to the movies, sporting events, holidays or even go karting. You are giving them an experience, not a physical gift. However non entertainment gifts (i.e physical gifts, wine, Christmas hampers etc.) are all fair game and can be included a tax deduction for the bus

Address

Contact

Follow

©2017 by MP Tax & Business Solutions

3b/277 Heaths Rd, Werribee VIC 3030, Australia

68-72 York Street, South Melbourne VIC 3205, Australia

ABN: 48 805 620 565

  • White Facebook Icon
  • White LinkedIn Icon
  • White Google Places Icon

Servicing