DID YOU KNOW A CHRISTMAS PARTY IS TAX DEDUCTABLE?
Planning on throwing a huge Christmas party venue bash for your employees and did you know A Christmas Party is Tax Deductable? If so, we have good news for you: you can write it off as a business expense and get a tax break! If you didn’t already have a good reason to plan a big event, you do now!
You’ll find that most holiday parties qualify for a 100% deduction from your Australian taxes. Whether it’s a Christmas party, a spring picnic, or big summer events. You’ll find that these things can all be deducted from your taxes.
There are three basic conditions that need to be met in order for it to qualify for the 100% tax deduction:
THE PARTY IS “PRIMARILY FOR YOUR EMPLOYEES
What does this mean? In your company, there is a “tainted group” of people, essentially anyone who earns more than $110,000 per year, owns more than 10% shares, or is the family member of someone who owns 10% shares in the company. As long as more than 50% of the people attending the party are “regular employees” and not part of this “tainted group”, you can write off the expense as tax deductible. This is one reason many employers invite the families of their employees, as they are also tax deductible
YOU HAVE THE RIGHT REASON FOR THROWING THE PARTY
The expense will need to be one that is “appropriate and helpful” for the success of your company in order for it to be written off as tax deductible. Considering that the party is being thrown to boost the morale of your employees, it is a legitimate deduction. However, be careful that you don’t turn too many events into tax write-offs using this excuse, as it can bring all of your events into question.
IT’S FULLY DOCUMENTED
From the cost of renting the Melbourne Christmas party venue to the price of food and the money you spend on entertainment. You need to document every expense. It’s the same as with any other expenses you deduct from your taxes. So you need to have written proof that you spent the money on your party. Did you know A Christmas Party is Tax Deductable
Of course, you will need to hold the party on a regular working day and hold them on your premises if they are to be deducted. Also, the food and drink that you provide will need to be consumed by your employees (and their families). For them to be tax deductible. You can only spend up to $300.00 per employee. Clients attending the party will not qualify for tax write-off status. Did you know A Christmas Party is Tax Deductable?
Complicated stuff, right? Of course it is, which is why accountants and tax experts earn such a great living! The good news for you is that your party can be tax deductible. Provided you stick within the limits outlined above. Did you know A Christmas Party is Tax Deductable?
You’ve got accountants to help you handle the tax side of things. So let Red Scooter handle the party planning for your office Christmas soiree! We’ll make sure that you get the biggest bang for your buck, and you’ll end up with a show-stopping party that will be fully tax deductible!
ABOUT THE AUTHOR
WHY IS RED SCOOTER MELBOURNE’S MOST POPULAR WAREHOUSE VENUES FOR EVENTS?
It boils down to one simple thing: our mothers raised us right!
Our mums taught us to:
Be considerate of others and their things
Treat others like we want to be treated
Go the extra mile to make people happy
Thanks to these simple life lessons, Red Scooter has made it a point to go above and beyond to give each customer EXACTLY what they want.
THERE’S NO PARTY LIKE A RED SCOOTER PARTY!
An award-winning venue, with flexible style, unique décor, and tip-top service.
Creative and professional event planners who work with you to create a function that will blow your guests away with fun and entertainment.
Top-quality catering and service, from signature cocktails to on trend food carts.
If you want only the best for your events in Melbourne, you should make Red Scooter your first choice.
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The Did you know A Christmas Party is Tax Deductable? ideas listed here are only a sample of what Red Scooter The Unique Events Venue can provide at our New York inspired warehouse venues. We can tailor any function package to suit your needs – and this is only limited by your imagination. We specialize in making every occasion a unique experience – from your guests arrival to the last dance we will help bring your dreams to life at Red Scooter.
Visit us just outside of Melbourne’s CBD, and talk with our professional event planners to see how our award-winning event planning service can help you create the function of your dreams! Your satisfaction is our guarantee, and we’ll take all of the stress off your plate – freeing you up to enjoy the celebration you deserve.
Our convertible warehouse chic event space allows you to put your best event forward. With modern, customisable venues for up to 380 people. Each of our venues lends itself as a blank canvas for you to fully customise.
OUR FOOD CART BROCHURE
Learn about the latest trends in event catering
AND OUR HISTORY OF EXCELLENCE
Red Scooter is proud of its achievement being voted the Best Function Venue according to Restaurant and Catering Victoria. We have also been commended as The Sustainable Business Award from the Environmental Protection Agency for our responsible environmental practices.
“WE STRIVE FOR A NEW YORK VIBE – AN EXCITING, COLOURFUL, SPARKLING MELTING POT OF CULTURES, CUISINE AND DÉCOR…”
Eammon Hamilton – Director of First Impressions
QUESTIONS TO ASK WHEN CORPORATE EVENT PLANNING When corporate event planning, you can’t just focus on the activities and seminars that will be held during the event. You’ve got to think about all the “behind the scenes” details that are necessary for making the corporate event a success. WHEN LOOKING AT CORPORATE EVENT VENUE’S HERE…