It’s tax time!
The end of June is nearing and you know what that means—it’s tax time! Apart from major public holidays such as New Years, the 30th of June is one of the biggest days of the year here in Australia. Also known as the End of Financial Year (EOFY), on this day tax returns are due. However, did you know that there are other methods you can do with your hard-earned money, apart from submitting your tax returns? Reports suggest that there is no better way to make use of the EOFY than by contributing with last minute donations to the charity of your choice.
Of course, non-profit charities such as Good Neighbors Australia are not exempt. We are registered under the ACNC Charity Register, the official registry of all charities and non-profit organisations recognised by the Australian Federal Government. In addition, we are also a deductible gift recipient (DGR), meaning that donations above $2 at Good Neighbors Australia are able to claim tax deductions. For more details, visit the Australia Tax Office webpage.
So what are you waiting for, make the most of the EOFY by making a last-minute donation! If you are planning to, or have already donated to Good Neighbors Australia within the past financial year, read on to find out how you can claim your tax deductible donations.
Step 1: Have your donation receipt ready. We will have sent you a donation invoice after you made your donation.
Step 2: Ensure that the amount you donated is eligible for tax deductions. Usually the minimum base is $2.
Step 3: Lodge your individual tax returns and claim your deductions! Remember to record your donations in section D9.
Good Neighbors Australia strives to uphold its honest image by conducting business under three major business principles: professionalism, transparency, and sustainability. We are also committed to these responsibilities as a reliable organisation through transparent and trustworthy accounting management and organisational operations. More information on Good Neighbors Australia’s accountability policies can be found here.
Good Neighbors Australia hopes that you will continue to support our endeavours in humanitarian aid, both within the Australian community as well as our neighbouring countries. Good Neighbors as a whole has supported over 240 community projects in over 40 countries, and expects to do a whole lot more in areas including: Water & Sanitation, Education, Health & Medical, Income Generation and Emergency Relief. To make a valued contribution, follow this link. We greatly appreciate and thank any incoming donations!