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Western Power was among the state-owned energy utilities which spent $1.5 million on entertainment during the last financial year. WA’s state-owned energy utilities spent $1.5 million on entertainment during the last financial year, documents tabled in parliament show.
The largest of the four companies, Western Power, spent $660,500 wining and dining, as well as rewarding staff and providing recreational activities. That was at least $100,000 more than last year.
Electricity retailer Synergy dished out $17,000 worth of staff rewards and paid for $266,000-worth of meals and entertainment enjoyed by both staff and clients, while corporate boxes at AFL and Western Force games consumed $170,000 of the budget. The total was slightly more than last year.
….On top of the expensive hand outs, the companies are liable for Fringe Benefits Tax of almost the same value, effectively doubling the bill.

Sourced from: http://twf.com.au/showthread.php?t=31280

Tuesday 2 October 2012 is National AP Day.

Time to recognise and reward your AP team.

Nominate your AP star and they could win an Ipad 3.

Does your AP team rock? Nominate your rockin good AP team and they could win a $500 lunch voucher.

Nominate online at at: www.nationalapday.com.au ; or

Download the nomination form here: http://www.nationalapday.com.au/NATIONAL%20AP%20DAY%20Nominate%20Form.pdf

Print out this poster and put it on the wall: http://www.nationalapday.com.au/NAPDay-Poster.pdf

Training for AP teams… http://www.fbtseminars.com.au/pdf/fbt_Employee_expenses_allowances_training_Apr12.pdf


Wine & FBT

Red, white or bubbles, the provision of wine usually results in some tax implications…

Wine served at a restaurant

This would normally constitute meal entertainment unless consumed whilst travelling overnight on business

Wine served at a Christmas Party or Function

This would normally constitute meal entertainment unless the minor benefit exemption applies

Wine provided to employees as a gift

This would normally constitute a property fringe benefit unless the minor benefit exemption applies

Wine provided to a client, customer or supplier as a gift

The provision of the wine would not constitute a property fringe benefit and would be deductible

Learn more about wine at http://www.vinified.com.au/

Vinified knows wine – how to drink it, store it, buy it, sell it and manage it.
Vinified is Australia’s most exclusive, member driven cellar management service. They create a wine experiences.

They are more than a wine consultancy, providing a complete service to catalogue, appraise, value and manage your cellar.
Vinified is Australia’s only professional sommelier service for the enthusiast.

Learn more at http://www.vinified.com.au/