News and Views Podcast Show · Sarah Power: Director of Business Concepts Group, Financial Planner and Accountant

NV146: Year end – what to be aware of

·14 min·1 clip

Chris Reid busts the biggest tax myth: "It's a Christmas party for my staff and clients, therefore it's all tax deductible."

Hosts Sarah Power and Chris Reid provide a year-end checklist for Australian business owners, focusing on critical tax, GST, and superannuation deadlines and rules. They debunk common myths, particularly around the tax treatment of Christmas parties and client gifts, offering practical advice to avoid penalties.

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