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 […]
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 […]