How to Maximise Your Entertainment Claims

To ensure you're making the best claims for your entertainment costs here's how to code them correctly. Entertainment expenses fall into two categories - either 100% or 50% claimable. If you are entertaining clients, suppliers, employees and only pay for yourself - the cost is 100% deductible If you are entertaining clients, suppliers, employees and pay for all people - the cost is 50% deducti... More

Topics: Claimable Expenses Record Keeping Entertainment

Posted 16/10/2014

Claiming on Meetings at Cafes & Restaurants

Sometimes you might take employees, clients or prospective clients out for breakfast, lunch, dinner or a coffee and muffin to discuss work related matters and pay for it all. IRD allow you to claim 50% of these costs as an entertainment expense. If you are GST registered you can only claim 50% of the total cost for GST and also 50% for your annual accounts and income tax. As good record keeping p... More

Topics: Claimable Expenses Record Keeping Employing Entertainment

Posted 26/09/2014 – Updated 16/10/2014