Providing Staff with FBT Free Benefits at Christmas. 

Christmas is fast approaching and employers need to be aware of certain tax implications when having Christmas parties. 

This article by Joe Kaleb, Chartered Accountant & CEO of www.australianbiz.com.au examines in detail some of the most common benefits provided at Christmas and outlines the various income tax, GST and FBT implications for employers. It also focuses on how your business can hold the staff Christmas party without paying any fringe benefits tax (FBT), and in addition provide staff (including their spouses and partners) with certain gifts costing less than $300 (e.g. hampers and skincare products) that is fully tax deductible with no FBT payable.

Read more here...http://www.australianbiz.com.au/business_articles.aspx?i=692&p=1

Nominate now to be this year’s Brisbane or Gold Coast Young Entrepreneur of the Year. 

If you are a business owner operating in the greater Brisbane or Gold Coast area, aged 40 or under in 2013, you now have the chance to be acclaimed as one of your city’s top young entrepreneurs and profiled in a special edition of Brisbane Business News or Gold Coast Business News.

To be in contention, simply complete the online nomination form on the Brisbane Business News http://ow.ly/pgcdp and Gold Coast Business News http://ow.ly/pgcCZ websites.