As the weather gets a little colder it’s good to keep warm indoors and celebrate the season of goodwill. It’s also a time to enjoy staff parties, give Christmas bonuses and some well-deserved annual awards.[continue reading…]
We look at the tax treatment of entertaining clients and employees – including the rules governing staff parties and taking potential clients out for lunch.
The holiday season brings out a celebratory feeling in all of us–even the neighbourhood Scrooge has that twinkle of glee in his eyes. This jovial time permeates everything around us, including the workplace. So, why not take advantage of the goodwill and throw an amazing company holiday party?
With the lead up to Christmas and the New Year, business owners are likely to be busy dealing with getting the customers in and operating the business. However, small business owners need to ensure that they plan ahead when it comes to making payments and payment processing. Making payments on time is vital to ensure that everyone has a Merry Christmas and are able to enjoy the festive period.
Most company directors will be pleased to hear that they can legitimately claim for the costs of an annual party for employees and partners, as long as a number of conditions are met.