Not For Profit Archives | RDL Accountants

Browse Categories

Not for Profit Articles

Is your Not-for-Profit income tax exempt?

Although not-for-profit organisations are generally set up for charitable purposes, not all are 'charities' according to the ATO, and may not be eligible for income tax exemptions.

Fixing Fundraising

For decades, there have been calls to reduce the red-tape burden that fundraising requirements place on charities - there is now progress on this front.

Up For Discussion: New Tier 3 Reporting Framework for Not-for-profits

The removal of Special Purpose Financial Statements has already happened for many for-profit organisations, and is now a step closer for not-for-profit organisations.

New Reporting Requirement For Not-For-Profits

From 1 July 2023, non-charitable not-for-profits with active ABNs will be required to lodge an annual self-review to access income tax exemption.

Fringe Benefits and religious practitioners – new ATO examples

The ATO has recently added some new examples on its website to help explain the requirements for exempt fringe benefits provided to religious practitioners.

Disclosing Key Management Personnel Remuneration

For the 2022 and future ACNC Annual Information Statements, large charities will be required to report remuneration of key management on an aggregated basis in their financial statements.