Not for Profit
We undertake approximately 300 audit engagements in the not-for-profit sector every year, providing us with deep experience and the development of significant expertise in our assurance team. We understand that our clients are not only after a quality audit but also a professional partner who can provide additional value through accurate and timely advice, sector knowledge, training opportunities and a commitment to continuous improvement processes. Our services include financial statement audit, financial statement reviews and grant acquittals.
Well versed and highly knowledgeable in a large range of tax issues, our tax division can advise on the ability to obtain charity status and tax exemptions. We are able to assist in establishing your non-for-profit entity, including applying for charity registration and endorsement of the tax concessions if applicable. We can also review your existing entity to determine whether it is correctly registered, advise on what tax concessions it is entitled to and whether there are any risks to your registrations. Appropriate organisational structuring, optimising tax concessions and managing taxations risks are critical for not-for-profit organisations. Accordingly, we are uniquely placed to assist you in this space to navigate the complexities of tax and charity compliance obligations and reporting.
Our wealth advisory team assists not-for-profit organisations to develop a formal investment policy that sets clear financial goals, determines risk appetite, develop a governance framework, and articulate an aligned risk-managed investment strategy. Our service assists our non-for-profit clients to confidently manage their investment assets, including enhanced cash management strategies, with the support of a professional advisory and investments team. In support, we provide ongoing advice, investment education, proactive portfolio management, plus comprehensive administration and investment reporting. Our aim is to help our not-for-profit clients become better stewards of their financial resources, to be more informed about their investment options, to maintain a strong risk-managed governance process, and to securely manage investments with a professional investment team dedicated to achieving their objectives.
We assist many clients with consulting and advisory services, including the following specific services that we provide to many not-for-profit clients:
- Bookkeeping services
- Preparation and review of activity statements
- GST and other tax advice
- Preparation of year end reconciliations, including assistance with audit preparation
- Board reporting and cash flow forecasting
- Setting up, conversion and assisting with accounting software
- Ensuring your affairs comply with various Australian Taxation Office requirements
- Meeting your annual compliance obligations
- Assisting with the sale, merger or restructuring of your organisation
- Preparation of income tax returns, including returns for mutual organisations
