June 03, 2024

Tax Benefits of Corporate Gifting

Elevate Your Business Relationships with Good Day People's Corporate Gifting

Corporate gifting is a powerful tool that can significantly impact your client relationships and enhance your business image. The thoughtfulness and value of the gift often communicate how much you value the relationship. While a client lunch or dinner is a nice gesture, it’s often forgotten shortly after. That's why many businesses prefer to invest in tangible, thoughtful gifts that leave a lasting impression. At Good Day People, we understand the importance of making a lasting impact with our beautifully curated gift hampers.

Why Choose Good Day People for Corporate Gifting?

At Good Day People, we pride ourselves on offering unique, high-quality gift hampers that are perfect for any corporate occasion. Our hampers are filled with premium products sourced from local Australian businesses, ensuring that each gift is special and memorable. From gourmet food and fine wines to luxurious pamper products and stylish homewares, our hampers are designed to impress.

Explore our range of corporate hampers here.

How Much Should You Spend on Corporate Gifts?

In Australia, businesses generally spend between AUD $55 and AUD $250 on corporate gifts. The amount spent typically varies depending on the recipient's position within the organisation:

  • Junior-Level Employees: $55 to $85
  • Mid-Level Employees and Important Clients: $100 to $115
  • Executives: $100 to $150
  • VIPs, Valued Clients, or Top Management: $150 to $250

Tax Benefits of Corporate Gifting

Understanding the tax implications of corporate gifting is crucial for making informed decisions. Here’s a breakdown of the key points:

For Employee Gifts:

  • Non-Entertainment Gifts: Gifts below $300, including GST, are generally considered tax-deductible and are not subject to Fringe Benefits Tax (FBT). These gifts include items like gift boxes, gift hamper, gift baskets, alcohol, flowers, beauty products, and gift certificates.
  • Entertainment Gifts: Gifts such as restaurant meals, movie tickets, sporting events, holidays, and accommodation do not qualify for tax deductions and are subject to FBT.

For Supplier and Client Gifts:

  • The $300 limit for tax deductions does not apply. Generally, gifts given to suppliers and clients are tax-deductible. Remember to claim the GST inputs on your next Business Activity Statement (BAS) to benefit from the appropriate tax considerations.

Consult a Tax Advisor

It's essential to consult with a tax advisor to understand the specific implications for your business. Tax laws and regulations can change, so staying updated and compliant is crucial. The fringe benefits tax guide for employers, particularly sections 1.6 (GST) and 1.7 (income tax), provides relevant information to help you navigate the tax implications of corporate gifting.

Our Best-Selling Corporate Hampers

Here are some of our top corporate hampers that are sure to impress:

  1. Gourmet Greg – A perfect gourmet gift hamper with savoury treats and delicious wine.
  2. Joyous Jordan – Includes a luxurious Black Blaze candle, sweet nougat, and wine.
  3. Jazzy James – Ideal for settlements with French champagne and homewares.
  4. Chiller Charlie – A simple yet thoughtful gift with wine, chocolate, and a tinned candle.
  5. Terrific Tony – A whisky tasting flight with chocolate, chilli oil, and pork crackle.
  6. Refined Ruby – Perfect for relaxation with bath scrub and salt, wine, and a candle.

Customising Your Corporate Hampers

We offer customisation options for our corporate hampers. Whether you want to add your company logo, custom ribbons, or a personalized gift tag, we can tailor our hampers to meet your specific needs. For more information, please reach out to our team at hello@gooddaypeople.com.

Delivery Options

Good Day People provides reliable delivery options to ensure your hampers arrive on time and in perfect condition. We offer:

  • Standard Shipping: Variable by area, available Australia-wide.
  • Express Shipping: For time-sensitive orders, typically arriving the next business day.
  • Premium Express: Next business day delivery for eligible orders placed before 1 PM AEST (excludes WA and NT).
  • Same Day Shipping: Available within metro Sydney for orders placed through our chat service.

Celebrate EOFY with Good Day People

EOFY is the perfect time to celebrate your business's successes and show appreciation to your employees and clients. Our EOFY hampers are designed to make a lasting impression and celebrate in style. Packed with gourmet foods, fine wines, luxurious pamper products, and more, our hampers are the perfect way to mark the end of the financial year.

Why Good Day People?

Good Day People is committed to making gifting a joyous and memorable experience. Here’s why we stand out:

  • Hand-Picked and Hand-Packed: Each hamper is carefully curated and packed by hand, ensuring every detail is perfect.
  • 100% Local: We support local Australian businesses and showcase the best of what our country has to offer.
  • Fun and Playful: Our tone is light, fun, and a little cheeky. We’re all about spreading joy and making people’s days brighter.

How to Order

Ordering from Good Day People is simple and straightforward. Here’s how you can get started:

  1. Browse Our Collection: Explore our range of EOFY hampers.
  2. Select Your Hamper: Choose the perfect hamper for your needs and add it to your cart.
  3. Personalize Your Gift: Add a custom message to the gift card to make your hamper extra special.
  4. Checkout: Complete your purchase and choose your delivery option.
  5. Sit Back and Relax: We’ll take care of the rest, ensuring your hamper is delivered on time and in perfect condition.

Customer Satisfaction Guaranteed

At Good Day People, customer satisfaction is our top priority. If for any reason you or your recipient are not completely satisfied with your hamper, please contact us within 24 hours, and we will do everything we can to make it right. We are here to make gifting a joyous and stress-free experience.

Conclusion

Good Day People is more than just a gift hamper company; it’s a celebration of quality, thoughtfulness, and the joy of giving. With our wide range of luxurious, locally sourced products and beautiful packaging, we make gifting an unforgettable experience. Whether you’re celebrating EOFY, a special occasion, or just want to make someone’s day, Good Day People has the perfect gift hamper for you. Visit our website here to explore our collection and make your next gift a memorable one.

FAQs

1. What is included in a Good Day People gift hamper?

When you choose a Good Day People gift hamper, you’re selecting a collection of premium, locally sourced products that are sure to delight your recipient. Our hampers include a variety of items such as gourmet food, fine wine, luxurious pamper products, and stylish homewares.

2. What are the best-selling Good Day People gift hampers?

Some of our most popular hampers include the Gourmet Greg, Joyous Jordan, Jazzy James, Chiller Charlie, Terrific Tony, and Refined Ruby.

3. What delivery options do you offer?

We offer standard, express, premium express, and same-day shipping options to ensure your gift arrives on time. We provide tracking information for all deliveries, so you can keep an eye on your gift’s journey.

4. Can I customise my own hamper or swap items?

Yes, we offer customisation options for our hampers. If you’d like to create a custom hamper or swap out certain items, please contact us at hello@gooddaypeople.com, and we’ll be happy to assist you.

5. Are your gifts suitable for people with dietary requirements?

We understand the importance of catering to different dietary needs. Our gluten-free, vegetarian, and vegan hampers are clearly labeled, and we use certified gluten-free products whenever possible. However, please note that as we do not manufacture the products ourselves, we cannot guarantee that items will be free from traces of allergens.