Articles

Year End Tax Tips for Individuals and Businesses

June 2024 The end of the financial year is fast approaching. But there is still time to put in place those last minute tax planning strategies. For individuals, this can include superannuation contributions, donations and making sure you have the right record keeping for motor vehicle and home office claims. For businesses, temporary full expensing […]

ACNC Transitional Reporting Arrangement Extension

Each charity registered under the Australian Charities and Not-for-profits Commission (ACNC) is required to provide an Annual Information Statement (AIS) to the ACNC and upload their financial statements on the public register unless it has a specific exemption. The ACNC has transitional reporting arrangements in place with the Office of the Registrar of Indigenous Corporations […]

Children’s Ground

One of the privileges of working at Saward Dawson is learning about some incredible not-for-profit organisations and seeing the difference they are making in the lives of Australians and communities worldwide. I had the pleasure to see firsthand one of our clients – Children’s Ground in action. Where? One of the Children’s Ground sites is […]

Super Update – Preparing for 30 June and Pending Changes

As we approach the end of one financial year and the beginning of another, now is the time to review the options available to you for any additional contributions you may want to make prior to 30 June 2024. It is also an appropriate time to review the implications of the new rates and thresholds […]

Not-For-Profit Entities and the Principle of Mutuality

NFPs – Urgent action required now – ATO reporting deadline fast approaching. Time is running out for NFPs to assess their tax status. From 30 June 2024 onwards, not-for-profit (NFP) entities that are not registered charities are required to lodge an annual self-review return with the Australian Taxation Office (ATO). The return is due to […]