| FBT and Record Keeping |
| An employer who holds a Christmas function which is attended by both employees (and associates) and clients needs to keep records of those attending to get an accurate tax result.
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As outlined in our article about FBT and Christmas Functions, employees who are not accompanied by an associate may give an entirely different tax result than those accompanied by an associate.
Expenditure in relation to clients is always non-deductible entertainment expenditure.
Reportable Fringe Benefits
While meal entertainment does not have to be reported on employee group certificates, the value of for example, a band would need to be shown on the group certificate of each employee attending.
See our article regarding ?incidental? recreation under ?FBT and Minor benefits?.
27th-January-2004 |
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