not for profit

As discussed in the previous post there is a new definition of a charity that came into effect from 1 January 2014.  In conjunction with these changes the Australian Taxation Office (ATO) has updated a number of guides that provide an excellent resource for any Not for Profit organisation.

There is an extensive range of topics covered that can be easily accessed form the Non Profit section of the ATO website.  Some examples of the guides that can be downloaded include:

  • Endorsement requirements for charities and income tax exempt funds
  • Goods and services tax
  • GST registration
  • Salary sacrifice arrangements
  • Volunteers and tax
  • Fundraising
  • Deductible gift recipients
  • Tax-deductible gifts
  • Workplace giving programs
  • Record keeping
  • Budgeting to pay tax 

These are just a sample of some of the topics as there are many more.  In addition, spend some time reviewing other sections in the website as the information provides a valuable resource that allows you to obtain up to date information.