Club and Alliance Audit Services

13/12/2018

Our December 2018 newsletter has just been published which contains some essential reading for all Not-for-profits (including Charities). It includes an article about the engagement of volunteers (including volunteer Directors and Committee Members). There is information on the new National Volunteer Guide that details the key legal obligations NFPs owe volunteers. This guide will most likely be useful to your organisation, so please read on.

CAAAS Audit Services specialise in statutory audits and reviews of Not-for-profit entities in SE Qld.

20/09/2016

I found this interesting:

Hi everyone. A colleague asked me to write about what board members can do to be helpful to staff. Nonprofit board members are critical to the success of organizations. We rely on y’all for so many…

16/08/2015

The ACNC recently released a report on the financial statements lodged by charities during 2014. The report should be read by preparers of financial statements who lodge with the ACNC. Download the report from: http://www.acnc.gov.au/ACNC/Pblctns/Rpts/Errors2014/ACNC/Report/Errors_Report.aspx?hkey=4ad96f8b-cee5-4603-b2bd-606b8cfa2231

This detailed report is aimed to explain some of the material issues/errors identified and the results of this compliance activity in relation to the 2014 financial reporting period

09/12/2012

On 3 December 2012, the independent regulator for charities, the Australian Charities and Not-for-profits Commission (ACNC) commenced operations.

The ACNC is responsible for determining charity status for all federal tax purposes. As part of its status determinations, the ACNC also decides whether a charity is a public benevolent institution (PBI) or health promotion charity (HPC).

The ATO will continue to be responsible for administering tax concessions relevant to charities, including:

Income tax exemption
FBT rebate or exemption
GST charity concessions
Deductible gift recipient (DGR) status.

Registration with the ACNC is voluntary. However, ACNC registration is now a prerequisite for charities to access charity tax concessions.

For further information go to:
http://www.ato.gov.au/content/00333822.htm