Cando Accounts

14/04/2026

Qualifying earnings: a new way of calculating super from 01/07

From 1 July, your employer clients will need to calculate super contributions based on qualifying earnings.

19/03/2026

Countdown to Payday Super - 3 months to go

Deputy Commissioner Emma Rosenzweig highlights the actions employers need to take now to get ready for Payday Super and prepare for paying super each payday fro...

19/11/2025

Payday Super From July 2026

17/11/2025

Employers – get ready for Payday Super
Be ready for 1 July 2026

Hear from Emma Rosenzweig, Deputy Commissioner about what Payday Super means for employers. Get ahead of these changes now to be ready for 1 July 2026.

12/11/2025

FBT and workplace celebrations
AS your business prepares for end-of-year workplace celebrations, it's a timely opportunity to remind you of FBT obligations.

Your employer clients' staff parties, recreational activities and employee gifts may attract fringe benefits tax (FBT).

11/11/2025

https://www.facebook.com/share/r/1BbLADopDL/

01/10/2025

Christmas parties ..................
1. Income Tax Deduction & GST Credits

Entertainment expenses (like cruises, dinners, parties, alcohol, etc.) are generally not deductible for income tax and you cannot claim GST credits.

There are exceptions if you’re using the FBT (Fringe Benefits Tax) method that allows it, but in most small business cases you cannot.

2. Fringe Benefits Tax (FBT)

A Christmas party for employees counts as a fringe benefit if it’s entertainment.

However, there is a $300 minor benefits exemption per head (including GST).

If the cost per employee is less than $300 each, no FBT applies.

If it’s $300 or more per head, FBT could apply.

3. Claiming GST

If you apply the actual method for FBT:

You can claim GST and a tax deduction on the cruise/dinner but only where FBT is payable.

If you rely on the minor benefits exemption (under $300/head so no FBT), then no GST or deduction can be claimed.

4. Summary for your case

Cruise + dinner = entertainment.

If under $300 per person → no FBT, but also no GST claim/no deduction.

If $300+ per person → FBT applies, then you can claim GST and a deduction, but you’ll be paying FBT which usually outweighs the benefit.

👉 In practice, most businesses choose the minor benefit exemption, don’t claim GST/deductions, and avoid FBT.

09/06/2025

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16/04/2025

Superannuation - SG rate will increase from 11.5% to 12% on 1 July 2025

14/04/2025