What’s Up Duck?

Date: 22nd March 2011

Here is a wee list of the deductibility of entertainment expenses. Worth keeping in mind as you wine and dine out there!

Entertainment Expenses: 50% DEDUCTIBLE
Friday night drinks for team members or clients in the office
Friday night drinks for team members or clients in the pub
Hire of a launch to entertain clients
Restaurants providing food and drinks to team members at a social function in their restaurant
Sponsoring local sports teams and receiving tickets to their corporate box in return 50% of the value of the tickets would be deducted from the total sponsorship
Sponsoring a sports team by providing a meal for the team at their grounds after each game
Staff Christmas party on or off the business premises
Taking a client out to dinner while you are out of town on business in New Zealand
Taking a client out to dinner

Entertainment Expenses: 100% DEDUCTIBLE
Dinner for Sales Rep while out of town selling and no client present
Donating food to a Christmas party in a children’s hospital
Employee’s salary package includes a taxable allowance for entertaining clients
Golf club subscription for business owner paid by the Company
Gym membership for team member paid by employer
Providing a meal for a journalist while reviewing your business for their column
Providing morning and afternoon tea for your team
Sandwiches provided at a lunchtime meeting of supervisors
Sponsoring a local sports team
Taking a client out to dinner while you are out of town on business outside New Zealand

We hope this comes in handy, enjoy!


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