As we all are aware of the bushfires that continue to severely impact our country, it’s now more than ever that we must show our united support in wake of this devastation. Many Australians continue to generously donate to various bushfire appeals however, as Business Advisors, we emphasise that you closely consider how and where you donate.
Tax Implications of Donations
With many online options and platforms for donations, please be aware of where exactly your donation is going, how this money will be used by your chosen donor and what your tax implications may be.
In order to claim a tax deduction on your donation the following is required:
- The donation must be $2 or more
- The donation must be for a registered organisation and this organisation must be endorsed by the ATO as a deductible gift recipient (DGRs)
- You must obtain a receipt for your donation
For more information regarding tax deductions visit the Australian Charities and Not-for-profits Commission here: https://www.acnc.gov.au/for-public/helping-charity/making-sure-your-donation-gets-where-it-needs
Our team at Allan Hall are more than happy to assist if you do have any questions regarding tax deductions on donations.
Be Aware of Scammers
We would also like to raise caution regarding scammers who have taken advantage of our generous donating culture. The consumer watchdog has advised that more than 400 bushfire donation scams have been reported. All in all, we encourage you to be mindful when donating, do your research and donate directly to a charity or not-for-profit where possible.
ATO Bushfire Support
At a time of hardship and devastation for our country, we understand that tax is not on the priority list! The ATO has appropriately put in place automatic deferrals for lodgments and payments for those who reside in the bushfire affected postcodes. Therefore, if your address or your business address falls within one of the affected bushfire postcodes you will not need to submit an application for a deferral.
The affected bushfire postcodes are continually updated so please check regularly by accessing the postcode list here:
If your address or business address does fall within the affected postcodes, our team at Allan Hall Business Advisors would be more than happy to work with you in any way we can to assist you during this time of crisis. If you wish to speak with one of our trusted business advisors please contact us!
Doing Our Part at Allan Hall
As part of our Thrive Program, our team at Allan Hall continue to support those less fortunate, by donating to charities that have relevance and meaning to our staff, clients and local community. This is something that we are continuously focusing on as a firm, now and into the future.
Late last year our team at Allan Hall raised vital funds for the New South Wales Rural Fire Service via “The Great Allan Hall Bake Off,” selling baked goods to our staff and all our neighbours in the Lifestyle Working Building. We managed to raise $1200+ for the NSW RFS. Check out our bake goods below!
How to Donate
The Lifestyle Working Building is home to many businesses, including Allan Hall Business Advisors. In the hope to cover as many areas as possible that have been impacted by the bushfires, the following donation pages have been set up by the Lifestyle Working community:
*Please note that if you wish to donate to the Warringah Pittwater Rural Fire Brigades please click the button above to email Ken Hughes (Treasurer of Donated Funds) for details on how to donate.
*Any donation to the above pages over $2 is tax deductible and you will receive a receipt via email.