Tag Archives: business advisory services

ACNC Review well underway

The ACNC celebrated its fifth birthday in December 2017.  As provided for in the original legislation, the Government is now conducting a review, the terms of reference indicating that it should: Examine the extent to which the objects of the … Continue reading

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Log books: keeping you out of trouble

The ATO is critically looking at car log books to make sure they have been correctly completed. Generally you need to keep a log book for at least 12 weeks, and once you have kept it, you can in most … Continue reading

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Tax Ruling TR 2013/2 School & Church Building Funds

The Australian Taxation Office have recently released the Final Ruling TR 2013/2 Income Tax: School or College Building Funds. This Ruling replaces TR 96/8 and replaces a draft ruling 2011/D5. The Ruling has addressed many of the concerns raised in … Continue reading

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Australian Charities and Not-for-profits Commission

The new official ACNC website www.acnc.gov.au is up and running for clients with details of how to register your charitable entities, access to various publications, fact sheets and links to legislation. Contact our Not-For-Profit team at rdl.accountants for more information.

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Australian Charities and Not-for-profits Commission Charities now open for business

The Australian Charities and Not-for-profits Commission Charities is now open for business.  Check that your charity registration has been transferred from the ATO on the ACNC Register.

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Implications for income tax exempt entities under the proposed legislation

The draft legislation introduces new conditions for not for profits to retain income tax exemptions. Have you thought about how this will affect your organisation? Please leave a comment.  Your thoughts will help others to prepare submissions.

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Implications for overseas missions

The legislation as drafted has significant implications for overseas missions based in Australia and as a result many are planning to make submissions in response. Have you thought about how this will affect your organisation?  What arguments do you have to support the retention of the current income … Continue reading

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The abridged version

Income Tax Exemption for Religious and Charitable Institutions Current Legislation Broadly speaking, the current income tax legislation prescribes that religious and charitable institutions are income tax exempt if they: have a physical presence in Australia and, to that extent, incur … Continue reading

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Draft Legislation

An exposure draft of legislation restating the ‘in Australia’ special conditions for tax concession entities has been released by the Assistant Treasurer for public consultation. The legislation is designed to ensure that: income tax exempt entities generally must be operated principally … Continue reading

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