Articles
For Not-for-profits
We present articles here that are of interest to people who are involved in serving the community through various organisation.
Also look at some of our e-newsletters that will keep you current with the latest news.
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12th May 2015
FBT risks for schools
It is common for schools to provide fringe benefits to attract and retain teachers or other staff. These fringe benefits are generally provided as part of a salary packaging arrangement and factored... -
23rd Apr 2015
NFP update - April 2015
Recent announcements by the Assistant Treasurer, Mr Josh Frydenberg -
2nd Mar 2015
NFP actions required before 1 July 2015
Charity sub-types and PAF governing rules -
20th Jan 2015
NFP update - January 2015
ACNC compliance, Ancillary Funds, provision of housing and Health promotion charities -
4th Sep 2014
Release of income tax exemption ruling for NFPs
Two conditions must be met for an entity to qualify for income exempt status -
13th Aug 2014
PBIs - The Hunger Project Australia case
A PBI is a type of charity with the principle purposes of relieving such poverty, sickness, suffering, distress, misfortune, disability or helplessness as arouses compassion in the community. Some... -
6th Jun 2014
FocusOn - Tax Effective Giving
It not only benefits the recipient but can ultimately result in significant tax benefits to the donor. -
1st Jun 2014
ACNC - The future is unclear
The outcome of the Senate inquiry into the Bill to repeal the ACNC has not yet been released. -
14th May 2014
Budget 2014 - Not-for-profit sector
There was little in the 2014/15 budget that specifically targeted the not-for-profit sector -
13th Mar 2014
Change to FBT rate to affect NFPs
Due to the change in the Medicare Levy -
3rd Mar 2014
Abolishing the ACNC
The ACNC will be transferred back to the previous regulators -
29th Jan 2014
Abolition of the ACNC
The functions of the ACNC to be transferred back to the previous regulators -
21st Nov 2013
NFP update - November 2013
For many charities, the 2013 ACNC Annual Information Statements are due on 31 December 2013 -
19th Nov 2013
NFP Fringe Benefit Tax
Fringe benefit concessions available to certain types of NFPs are FBT exemption and FBT rebate. -
19th Nov 2013
NFP - Deductible Gift Recipients
DGR endorsement can be a significant advantage for NFPs and their donors -
18th Nov 2013
Income tax exemption
There are a number of tax concessions available to NFPs. They depend on the organisation’s endorsement by the ATO as well as how they have been incorporated. We discuss the main types of tax... -
18th Nov 2013
NFP GST concessions
There is a range of GST concessions available to NFPs -
23rd Sep 2013
Protect with external compliance
Legislative and accounting compliance is often an area of significant uncertainty -
22nd Sep 2013
Protecting your NFP - Overview
Good governance and understanding the requirements are the key. -
22nd Sep 2013
Protect with internal governance
Good governance in NFPs reliant on volunteers is possible, with some astute planning
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