Fringe Benefit Tax: Rewards in the Christmas Season

STAFF GIFTS, TRAVEL, VEHICLES, DISCOUNTS AND VOUCHERS – GREAT IDEA OR BIG FBT BILL?

Christmas is coming and the season is upon us for entertaining, hosting and staff gift-giving. Get ahead of a potentially hefty FBT bill at Christmas without it costing you an arm and a leg.

Are you going to throw a party, give your staff a gift or a free trip on the company rewards points? How much is it going to hit your pocket and what does it mean for your other tax obligations?

We are lucky to have Julie Colgan from IRD and Sonia Crawford from Deloitte, to shed some much-needed light on what lies in store for you over the holiday season. Come along and ask them the big questions. They will talk about all the key places people trip up, such as:

When cash isn’t always king – making FBT work for you

• Incentives, frequent flyer and loyalty schemes – the dos and don’ts
• Rewards vs. Ramifications – options for rewarding your team and how they affect FBT
• Limits, exemptions and classification – getting it right, from the start

Straight from the horse’s mouth – top tips from the IRD

• The most common errors and the flow-on effects
• Legislation, policy updates and your tax obligations
• Calculations, systems and processes – making it easier for you and your people.

At this 2.5-hour seminar your specific questions will be answered with our 20-minute, open-panel discussion.

Don’t let the spirit of goodwill see you getting it wrong and gaining penalties and “use of money” interest charges.

EMA Business Hub – 145 Khyber Pass Road, Grafton, Auckland
For more information click here.