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Feel good deductions

Donations are a good thing to do – especially at tax time . Think of a charity that means something to you , and take the time to see how you can help make a difference . Just make sure to pay attention to where you are donating . Donations through crowd-funding sites for example are often not tax deductible – so ensure the donation was to a registered charity . For fleets looking to remove old vehicle stock , why not consider Kids Under Cover Donate Your Car program ?

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Fuel Tax Credits

Fuel tax credits provide businesses with a credit for the fuel tax ( excise or customs duty ) that ’ s included in the price of fuel . The amount depends on when you acquire the fuel , what fuel you use and the activity you use it in . For more information about Fuel Tax Credits , head to the ATO website .

ISSUE 29 JUNE 2021 / WWW . AFMA . ORG . AU 9