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Christmas Party and FBT

It's that time of the year again. Most businesses have Christmas parties to celebrate with clients and/or show appreciation to hardworking staff. 

But when planning a work Christmas party, you should be aware of the tax implications and ways to minimise your obligations.

As Christmas parties can attract fringe benefits tax (FBT), you should consider:

• the benefits of hosting the party at your business premises

• the value of any gifts to staff

• whether to invite clients and other associates

• the cost of catering per person

• Occupational Health & Safety (OH&S) obligations

Visit the Australian Taxation Office (ATO) website   or contact your Chartered Accountant to find out if your Christmas party will attract FBT.

For more information on your OH&S requirements, visit the business.gov.au  Occupational health & safety topic. 

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