Pacific Accounting’s November newsletter highlights several important updates for Office Relocation, Promotions, Gifts that are tax deductible and Online Sale Season. Many businesses give gifts to their employees and 3rd parties such as clients, customers, suppliers, and contractors as the year draws to a close. But before you go on your shopping spree, it is important to remember what gifts may be tax deductible.
In recent years online sales events have grown in strength and popularity. From October to December there are many major Online Sales Events, including: Click Frenzy (end of October), Black Friday (last Friday of November), Cyber Monday (the Monday following Black Friday), and the Boxing Day Sales. It is a great opportunity for small business that have an online presence to take advantage of these events, increasing sales, attracting new customers, and getting rid of excess stock or end-of-line items.
Key dates for November 2023 include 7 November 2023 Public Holiday (VIC), October monthly Activity Statement lodgement & payment due, Lodge and pay 1Qrt Activity Statement, Lodge and pay 1Qrt Super Guarantee Charge Statement.