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How To Legally Claim A Tax Deduction For Charitable Giving From Your Small Business.

Article by WealthSafe.

Date Published: 4 Feb 2015

Do you run a small business and give donations to charities, but are told by your accountant you cannot claim them?

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Truth is, most charities are not approved by the Tax Office as a tax deductible charity.

That does not mean, however, you cannot claim a tax deduction from your business for the donation!

Provided you are structured right.

In simple terms …

If you run your business through a family trust with a properly drafted family trust deed, you will be able to claim deductions to any registered charity in Australia, REGARDLESS of whether they are approved by the ATO or not!!!

Want to find out more???

Call us on 1300 669 336, or go to our contact us page and submit a query. Someone will get back to you within 24 hours.

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