Trevor's No.13 Tip - Deductibility Gift Recipient Status

Your Shed may find benefit in obtaining Deductibility Gift Recipient (DGR) status from the Australian Tax Office (ATO). This means that deductions for gifts or donations can be claimed by the person or organisation that makes the gift to your Shed. Gifts can be money or certain types of property.   DGR status can be particularly useful when seeking corporate sponsorship.  If you are interested in applying have a look at the following link.

http://www.ato.gov.au/nonprofit/content.aspx?menuid=0&doc=/content/13268.htm&page=8#P104_6454