Talking Cents

Melbourne is a buzz with small business Christmas parties

As we head into the silly season, it seems Melbourne is a buzz with good times for small business with a positive last quarter. Supporting staff and keeping up morale is an important element when it comes to running any small business.

It’s important from a small business accounting perspective that you're doing the right thing, not just by your staff, but from a tax perspective.

Not all Christmas party and staff gift expenses are tax deductible, in fact it’s a minefield to get right. Make sure you structure these expenses properly to avoid FBT, get a tax deduction and keep your staff happy.

Ultimately, for the best result, speak to your small business accountant for the best advice.