Ross Steele

With the well-earned December/January holiday season on the way, many employers will be planning to reward staff with a celebratory party or event. However, there are important issues to consider, including the possible FBT and income tax implications of providing 'entertainment' (including Christmas parties) to staff and clients.

Employers should start preparing for the permanent closure of the Small Business Superannuation Clearing House ("SBSCH") on 1 July 2026.

Dual Cab Utes and FBT: The ATO wishes to dispel the 'common myth' that dual-cab utes are automatically exempt from fringe benefits tax ('FBT').