Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  | 

Pre-Tax Donations for Payroll Giving


Wednesday, 14th August 2002 at 1:08 pm
Staff Reporter
Charity Aid Foundation (CAF) Australia says a recent decision from the Australian Taxation Office will give employees throughout Australia the opportunity to give to their favourite charity through their payroll, receiving an immediate tax benefit.

Wednesday, 14th August 2002
at 1:08 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Pre-Tax Donations for Payroll Giving
Wednesday, 14th August 2002 at 1:08 pm

Charity Aid Foundation (CAF) Australia says a recent decision from the Australian Taxation Office will give employees throughout Australia the opportunity to give to their favourite charity through their payroll, receiving an immediate tax benefit.

Assistant Commissioner of Taxation, Megan Yong gazetted the ruling on the 2nd July 2002 allowing a variation to the amount of withholding payment.

This means for the first time Australians can give ‘pre-tax’ to charities registered as deductible gift recipients and receive their tax deduction up front. This avoids the need for individuals to wait until the end of the tax year and, in fact, to remember to claim their deduction.

CAF’s Executive Director, Duncan Power says his organisation among others has lobbied extensively to achieve this ruling and it is encouraged that the government has responded so positively.

He says the changes present a new and exciting opportunity for corporate Australia to support the community involvement of their employees.

CAF Australia is an international not-for-profit organisation and leader in payroll giving with 15 years experience in over 10 countries. CAF provides programs and services to assist both the corporate and not-for-profit sectors with the development of community involvement.



Guide to Giving

FEATURED SUPPLIERS


...


HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

More Suppliers

Tags : Donations,

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Susan Pascoe Appointed Head of Newly Formed Community Directors Council

Luke Michael

Friday, 22nd September 2017 at 5:21 pm

Recruitment Expert Says NFPs Need Thorough Process to Hire Honest Candidates

Luke Michael

Friday, 22nd September 2017 at 4:50 pm

Thinkers Look to Melbourne to Grow SA Purpose Economy

Wendy Williams

Thursday, 21st September 2017 at 4:44 pm

Mental Health Groups Call for Same-Sex Marriage to Prevent Suicide

Luke Michael

Thursday, 21st September 2017 at 4:24 pm

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!