Welcome to our December monthly newsletter!

This year has certainly flew by and I think it’s safe to say that we are all thankful to move on from 2020! We will be closing for the Christmas holidays on Friday the 18th from 3pm and will return in the New Year on Monday the 4th from 8.30am. The whole team at Chesterton Accounting wish you, your staff and your families a joyful and safe Christmas!
Head on over to our website
Monthly tax tip:
It’s the time of year again for gifts, bonuses and parties! But what exactly is tax deductible? Gifts to customers can be tax deductible if they are given in hopes of increasing your taxable income (e.g. to retain a client or to encourage further sales) and gifts to employees are also tax deductible if they are consistent and are given to retain employees. Christmas parties are generally considered non-deductible entertainment however can be claimed in the correct circumstances. If the Christmas party is held on business premises, during paid staff hours and work continues once it ends then the food purchased would be considered a staff expense (e.g. a lunch-time pizza party). If however, the party happens after work hours at an external location then it won’t be tax deductible (e.g. drinks and nibblies at the local pub at 5pm after work). Please contact our office if you would like to know if your Christmas gifts and party expenses can be tax deductible.

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.


Important Dates!
1 December:

  • Pay income tax for medium and large taxpayers, including companies and superannuation funds for the 2020 financial year

14 December:

  • Make the November monthly business declaration for the JobKeeper Scheme

18 December:

  • Closing date of our office for the Christmas holidays – anything received after this date will not be processed/lodged until we return in January

21 December:

  • Lodge and pay November 2020 monthly business/instalment activity statement
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