News
- 2021-11-18
The IRD Christmas Grinch, by Dale Adamson
Although many businesses may not feel in a particularly festive or generous mood due to the impact of Covid, Christmas is fast approaching. Depending on your circumstances you may still be considering some sort of Christmas function, staff bonuses and employee or client gifts. These expenses are subject to either the entertainment or Fringe Benefit Tax (FBT) rules i.e. the IRD Grinch wants his share. This article covers the treatment of some typical costs over this period.
