Changes to Income Tax Reporting Requirements for NFPs
A crucial update has emerged in the administration of not-for-profits. To ensure your NFP maintains its income tax-exempt status, read on for essential details. What are the Changes? From 1 July 2023, non-charitable NFPs with an active Australian business number (ABN) self-assessing as income tax exempt need to lodge an annual NFP self-review return. The […]
Is Your Charity Tax Deductible?
A Charities’ Most Common Question Is Whether They Are Tax Deductible or Not Having deductible gift recipient (DGR) status can be very rewarding and beneficial to a company. But, along with the benefits, there are several different compliance rules and ongoing obligations required to maintain and sufficiently insure your DGR status. This article will set […]