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    Colin loves to discuss about tax and accounting related issues. Please check back frequently for more updates.

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Having Fun in the Workplace

7/28/2019

 
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Having fun in the workplace can significantly improve productivity and performance. Employees also are generally more loyal to the company. Not only that, having fun in a workplace:
  • Increases morale
  • Enhances creativity
  • Promotes a positive staff culture
  • Improves teamwork
  • Increases productivity and performance
  • Reduces conflicts
  • Improves employee loyalty

How does one have fun in workplace? The commonly acknowledged way to do that is to provide entertainment related items in the workplace. Equipment, such as  gaming consoles, cable TV, pinball and Foosball machines, etc, can be purchased and provided for employee use during work breaks.

The Australian Tax Office is aware that workplace culture has changed, and entertainment related equipment in the workplace can actually increase employee productivity. Hence, for each item of equipment that costs less than $30,000 (as at the time of publishing this blog), the entire amount will be tax deductible upfront.

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