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Christmas Parties and Tax

Who would’ve thought that your Christmas Party involves taxation? Unfortunately, it does. Christmas parties may incur Fringe Benefits Tax (FBT).However, you can take advantage of the $300 (including GST) minor benefit and exemption rule to hold a Christmas function for your current employees and their spouses. Your party will need to be held on...

Latest product news – March 2021

This month, we’ve focused on enhancing our existing products on the Xero platform. Our teams use the ‘test, learn, refine’ principle to continuously improve the features you use every day, so you can streamline your accounting work and grow your business
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