Tricky Tax Questions At Christmas Time

No matter how well you’ve planned in advance of the Christmas flurry or whether you’re still taking care of last-minute items, be aware of what you can claim tax deductions for, or where you might be liable for tax.

For instance, in a quick quiz, could you answer questions like:

• Is our Christmas work party tax deductible?

• Does it matter whether it is held on business premises?

• How about hiring items for a Christmas party?

• If I take my clients or staff out for Christmas lunch, is it tax deductible?

• Are my gifts to staff and clients tax deductible?

• My staff can’t use public transport due to public holiday schedules. Is a transport allowance for them tax deductible?

• Will I need to deduct PAYE from the allowances paid?

• What is the tax treatment of cash bonuses for staff?

Click the link below for answers to the questions above.

Contact Kindred.Co if you have tax questions in the lead-up to Christmas.

DOWNLOAD THE GUIDE TO TRICKY TAX QUESTIONS AT CHRISTMAS TIME