Welcome to our December monthly newsletter!

The Chesterton Accounting team are taking a two week break this year and will be closing our doors on Thursday, the 23rd of December at 3pm and opening up again on Monday, the 10th of January at 8.30am. We would love to thank all of our loyal clients for their support this year and can’t wait to see what next year holds for our South Burnett businesses.



Head on over to our website


Closed for holidays by Silvia Sánchez on Dribbble


Monthly tax tip:

It’s that time of year again to talk about the tax implications of Christmas gifts given to employees and clients/customers. If you are hoping to provide gifts to your staff this year then the best tax outcome is to give non-entertainment based gifts that cost less than $300 per employee as the full cost will be tax deductible with GST credits able to be claimed and no fringe benefits tax liability. Entertainment based gifts are generally not tax deductible and no GST credits can be claimed. Similar rules apply for gifts given to clients, contractors or suppliers. Please see examples below.

Non-entertainment-based gifts – hampers, wine, gift vouchers, flowers, jewellery, etc.
Claim tax deduction/GST credits? Yes, for both employees and clients
Fringe benefits tax liability? Only if spending more than $300 per employee

Entertainment-based gifts – movie tickets, tickets to sporting event, travel costs for a holiday/vacation
Claim tax deduction/GST credits? Clients – no. Employees – no tax deduction unless FBT applies (FBT applies once the gift is over $300 per employee)
Fringe benefits tax liability? Only if spending more than $300 per employee

If you would like to schedule a consultation with us then please jump onto our website where you can see our availabilities and book a time that suits you.


Book an Appointment




Important Dates!

21 December:

  •       Lodge and pay November 2021 monthly business/instalment activity statement

23 December:

  •       Chesterton Accounting office will close for two weeks – please ensure any forms for lodgement are sent to our office before 3pm to ensure they are lodged before we close


Click to email us about the above

Scroll to Top
Scroll to Top