Welcome to the February 2012 edition of the Business Insider.
We’ve had a few questions recently about claiming deductions for business entertainment and gift- giving expenses, so we have some information from Inland Revenue to help clarify what deductions can be claimed.
For those in the food and beverage industry, we’ve got details about two government initiatives. First, the Food Innovation Network – a food innovation support system – and second, the Food and Beverage (F&B) Information Project – a comprehensive overview of New Zealand’s top F&B industries.
For employers, we have an interesting case study on a recent trial testing how the 90-Day Trial Period rules can be applied. If you use trial periods when employing staff, make sure you read this.
Finally, we are delighted to announce that our Business Plan Competition will be going ahead again later this year. It doesn’t matter whether you are at the business idea stage or have been in business for a few years, start thinking about your business plan and you could be in to win some fantastic prizes!
Business entertainment and gift giving
Find out the tax deductibility rules for entertainment and gift expenses.
If you have a business issue or question you can also call the biz service
free on 0800 42 49 46.
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DISCLAIMER: Although information in this publication has been derived from sources believed to be reliable and accurate, no liability is accepted for any opinions expressed or for any errors or omissions. Readers should take specific advice before undertaking any action in the basis of this publication.
