How to pay for corporate entertainment with a credit card
Entertaining clients is often a big part of doing business.
It can help build bonds and trust and, in turn, help seal business deals and see important relationships continue.
There is also the ability to provide a businesses’ own employees with entertainment benefits.
Entertainment-related fringe benefits is a complex tax area and you should seek individual tax advice before splurging.
However, some businesses may be able to claim fringe benefits for entertaining employees or their associates with food, drink, recreation, accommodation or travel.
Staff social functions like Christmas parties and farewells may also qualify, as can things like the purchase of tickets to sporting or theatrical events, sightseeing tours and holidays.
If your tax advice says your business can benefit from some of these things, pay.com.au can help you process payments for them and earn credit card rewards points.
With low fees and a simple and easy-to-use interface, pay.com.au can help you do business better.
Entertaining clients could help you entertain yourself with Business Class flights to the Gold Coast.
How can I pay entertainment-related fringe benefits by credit card?
Depending on the size of your staff Christmas Party, the cost of hiring a venue and providing nibbles and drinks could be quite substantial.
Even if the invoice from the venue provider says you can only pay by direct deposit, with pay.com.au you can still make that payment with any credit or charge card of your choice and earn rewards points.
You make a payment at pay.com.au with a VISA, Mastercard or American Express card and we will pay the provider on your behalf.
The timing between a credit card payment made by you through pay.com.au and receipt by the payee is typically only T+2 days.
And by paying with a credit card, you can enjoy up to 55 days interest free to pay off the Christmas Party.
Again, be sure to seek individual tax advice on this area first before leaping in.
How many points can you earn paying for corporate entertainment with a credit card?
Of course, this depends on the size of your business and what your tax advice says you might be able to do in this area.
However, with the right business credit card you can earn up to 1.25 points per dollar spent on corporate entertainment paid through pay.com.au
That could amount to thousands of points a year.
With a one-way Business Class flight from Melbourne to Gold Coast costing 27,600 points flying Qantas, you could be on your way pretty quickly.
Don’t have a high points-earning business credit card?
Sign up to one of our well-priced subscription services and we can even help you pick the best card for your business to maximise your rewards.
We will also help you find and book the sometimes elusive First Class and Business Class rewards seats to help get you on your way.
What else can you use pay.com.au to pay for?
We don’t just allow businesses to make credit card payments for corporate entertainment.
We can also process payments to contractors and consultants or assist in making rent payments and buying business equipment.
You can even use our service to make payments for employee superannuation and pay ATO bills.
How our fees stack up
We offer the lowest fees on the market for processing credit card payments for corporate entertainment.
And signing up to one of our subscription packages – which come with a range of other benefits – can bring those fees down even lower.
On our free base package we charge a 0.85% fee plus GST for Mastercard transactions (0.62% after tax), 1.05% plus GST for VISA (0.76% after tax) and 2.10% plus GST for American Express (1.52% after tax).
How do I sign up?
Just head to pay.com.au and follow the prompts to sign your business up.
You too could soon be joining our growing number of very happy customers flying at the pointy end of the plane.