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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10th May 2012
Taxation for NFPs - Full steam ahead
In the previous 2011 Federal Budget, the Government announced some significant changes that will impact the not-for-profit sector. These included the creation of the Australian Charities and Not-for-... -
26th Apr 2012
NFP entities and the "In Australia" requirement
The Government announced its intention to clarify the 'in Australia' requirement for tax exempt entities -
2nd Apr 2012
FocusOn - Public Benevolent Institutions (PBIs)
Charitable institutions organised for the direct relief of poverty, sickness, suffering, distress, disability or helplessness. -
22nd Mar 2012
FocusOn - Not-for-profit entities and the "in Australia" requirement
Entities must meet different requirements to be income tax exempt. The 'In Australia' requirements have been standardised. -
12th Mar 2012
FocusOn - Definition of a Charity
A statutory definition of charity will provide greater certainty and clarity on what is considered to be charitable. -
5th Mar 2012
FocusOn - Public Ancillary Funds - New Rules
A public ancillary fund collects tax deductible donations distributed onto other DGR's that they consider to be worthwhile causes. -
12th Feb 2012
FocusOn - GST Concessions for Charities
Certain charities can apply to the Taxation Office to be endorsed for GST concessions. -
8th Feb 2012
FocusOn - Taxation of Commercial Activities of Charities
Many organisations will need to significantly adjust their accounting processes in order to deal with the new regime. -
8th Dec 2011
Tax deductible building funds
A DGR includes a public fund established and maintained solely for providing money for the acquisition, construction or maintenance of a building used, or to be used, as a school or college. -
7th Nov 2011
Definition of a charity
The Government states that a statutory definition of charity will provide greater clarity on what is considered to be charitable. -
22nd Aug 2011
Philanthropy - Making a huge difference
Giving to make a difference in other peoples lives, does not have to be costly to be effective. -
12th Aug 2011
Significant changes in the NFP sector
Preliminary legislation that has the potential to adversely affect many of Australias charities and NFP organisations -
1st Jul 2011
Australian charities and not-for-profit Commission
The report is wide ranging and makes numerous recommendations on the scope and operations of the NFP regulator. -
25th Jun 2011
Taxation of commercial activities of charities
Although the Government has now released its consultation paperthe final legislation is likely to still be some months away. It will mean higher compliance costs for NFP entities and greater reporting. -
10th Apr 2011
FocusOn - Salary Packaging for Religious Institutions
Religious institutions are “hybrid” employers for FBT purposes. -
8th Mar 2011
Cutting red tape for community organisations
The previous Victorian State Government implemented a programme to reduce red tape for not-for-profit community organisations structured as incorporated associations in Victoria and to streamline... -
9th Sep 2010
Financial reporting - Changes and simplification
There have been a number of recent changes that will have a significant effect onfinancial reporting in Australia over the next few years. These changes willaffect both for-profit and not-for-profit... -
26th Aug 2010
FocusOn - Mutual organisations
Entities in which members contribute towards a common fund created and controlled by them for a common purpose. -
15th Apr 2010
FocusOn - Income Tax Exempt Entities
SomeNFPs qualify for income tax exemption. They fall broadly into the following categories: -
4th Mar 2010
FocusOn - Deductible gift recipients
Deductible gift recipients (DGRs) are entities to which donors can make income tax deductible gifts or contributions.
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