It's that time of the year when we receive queries regarding employee holiday entitlements and payments.  In this article Rhonda and Nicki explain more.

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.

Before you get too excited, they are only closing for a week. 

WHY are you in business? We don’t mean about making money (that’s a result of being in business). Why does your business exist? What’s your purpose, cause, or beliefs behind what you are doing? It’s the thing that motivates you to get out of bed in the morning and the very reason your business exists.