How you reward your staff could mean big bucks for your fbt bill

When considering how you’re going to reward your team, whether it’s a Christmas lunch, an overseas trip or a full ‘bring the family’ event, you need to make sure you don’t overlook the ramifications of Fringe Benefit Tax (FBT) . Without considering what the knock on effects of FBT are and your other tax obligations, you could just find yourself on Santa’s naughty list.

At this two-hour seminar, our experts will talk to you about these considerations and limitations and walk through an FBT survival guide to the art of giving.

You will hear the IRD’s key tips for your best practice systems that will keep you out of trouble.

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

• Incentives, frequent flyer and loyalty schemes – the dos and don’t’s.
• 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 & your tax obligations.
• Calculations, systems and processes – Making it easier for you and your people.
• Don’t let the spirit of goodwill see you getting it wrong and gaining penalties, “use of money”
  interest charges.

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Tuesday, 5 December 2017
9.00 am – 11.00 am

EMA Business Hub
145 Khyber Pass Road,
Grafton, Auckland

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