fbpx

Have you considered workplace giving?

For Business
April 12, 2019

Workplace giving is an opportunity to support a charity from your entire organisation, to theirs. This communal giving offers so much more than benefiting the receiving charity. It’s actually a great way to get the team involved and engaged in a common activity and shared goals. This kind of activity boosts morale, engagement and adds to job satisfaction.

You might even consider asking the staff to choose or vote on a charity to contribute your workplace giving to, further creating inclusion and opening up the floor for suggestions from staff.

Staff can enjoy tax benefit straight away, the correct amount is deducted automatically from their pre-tax salary and means the charity gets the full amount, and your staff members and receive the tax benefit straight away rather than waiting until the end of financial year.

And all of this while making a difference!

For more information on workplace giving visit Workplace Giving Australia or for more information on how to set this up in Xero contact us.

Image credit: Photo by Kat Yukawa on Unsplash

Your Link to Growth

A long time vision for us, Your Link to Growth reflects our approach and aspirations to assist our clients, staff and community to reach their goals. We do this through holistic and innovative financial solutions for businesses and individuals. Founded in 2004, we are a well established business based in Canberra and Brisbane.

Learn more about Nexis

Get in touch with Nexis

Talk to our friendly team today about all your tax needs.

Other news

Changes to NFP reporting in 2024

Changes to NFP reporting in 2024

In 2023, the Australian Taxation Office (ATO) announced it would change how non-charitable not-for-profits (NFPs) report income at the end of each financial year. From 1 July 2024 onwards, non-charitable NFPs with an active ABN are required to lodge a new annual...

read more
Tax compliance is no laughing matter

Tax compliance is no laughing matter

Ensuring your business meets tax obligations is essential to avoiding penalties and being taxed correctly. Tax compliance can be overwhelming, especially when managing it as a business, so here are our top tips for those new to business… Management records Starting...

read more