Quote:
Originally Posted by Kato
Hope all the small businesses owners have read up on the taxation of gifts to employees!
If anyone feels bad at not getting anything, head on over to the ATO and see how there is no incentive for Christmas bonuses anymore.
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Please feel free to accept one of the following responses:
-Derp;
-Its a drop in the ocean; and
-If all transactions/actions of a business were purely focused on an inflow/tax deductibility perspective a business will never grow, sustain its intellectual infrastructure, develop a consistent quality of tangible/intangible product, yadda yadda.
Edit: A greater understanding of FBT and proximity can help alleviate you're concerns as well as interpreting/widening your horizons of the term 'gift'.
Also the tax treatment of this has been in place for a looooooooooooooooooooooooooooooooong time.