ATO helps NFPs to comply

    Dan Wade • September 23, 2020

    ATO helps NFPs to comply

    The Australian Taxation Office has compiled a list of online resources that aims to help NFPs in their annual reviews of tax compliance.

    Included are an online guide on exemptions for sporting clubs and an income-tax-status review worksheet that most NFPs should be able to use.

    The tax office encourages charities to review annually their Tax Concession Charities endorsement concessions and deductible-gift-recipient status.

    NFPs with DGR status should also review their organisations to ensure that they still operate for the purposes for which they were granted DGR endorsement.

    Two worksheets will assist you in reviewing DGR endorsement:

    • Review of a DGR-endorsed as a whole, and
    • Review of a DGR-endorsed for the operation of a fund, authority or institution it owns or includes.

    Why It’s Time to Rethink Your Payment Cycles

    May 1, 2025
     What the New Super Changes Mean for Your Business

    Mid-Year Business Check-In: Is Your Budget on Track?

    March 18, 2025
    We’re now over halfway through the financial year, making it the perfect time to pause and assess how your business is tracking.

    Starting the New Year Off Right: Key Accounting Tasks to Tackle Early in the Year

    January 28, 2025
    The start of a new year offers a clean slate—an opportunity to reset, refocus, and ensure your business is on solid financial footing.

    Beat the February Cash Flow Crunch: Tips to Stay Ahead of Your BAS and Super Obligations

    December 31, 2024
    This is a subtitle for your new post

    Navigating the Five Stages of Business Growth

    October 9, 2024
    Here’s a closer look at the five key stages of business growth and how strategic financial planning can support success at every step.

    How Do You Know the Time is Right to Grow Your Business?

    August 20, 2024
    As accountants, we often see businesses at various stages of growth, and one of the most common questions we encounter is: "When is the right time to grow?"

    Pros and Cons of Business Growth

    July 26, 2024
    Growing your business is an exciting journey filled with opportunities and challenges.

    Expanding Your Team? Here’s How to Adjust Your Targets Effectively

    June 25, 2024
    Expanding your team is an exciting step towards growing your business, but it also comes with its own set of challenges and considerations.

    The Importance of Budgeting for Your Business

    June 6, 2024
    Budgeting is not just a mundane task relegated to the realm of accounting; it's a strategic imperative that serves as the cornerstone of financial management for businesses of all sizes.

    What's Your Money Mindset?

    April 30, 2024
    Navigating Financial Perspectives for Businesses 
    More Posts