News

Not-for-profit

A brown paper calendar with a red push pin stuck in the 31st date.
NFP Self-Review Return – What You Need to Know for 2025
3 minute read

The Not-for-Profit (NFP) Self-Review Return is now in its second year, and the deadline for lodgement is fast approaching. If your organisation…

Read More
Development Manager Tony McManus, Program and Impact Manager Charlotte Walker, CEO Amy Walker and Administration Assistant Gennette Jewell from the Geelong Community Foundation
Celebrating 25 years of the Geelong Community Foundation
3 minute read

(L-R Development Manager Tony McManus, Program & Impact Manager Charlotte Walker, CEO Amy Walker and Administration Assistant Gennette Jewell from…

Read More
The words 'deadline extended' on a blue background.
Update: ATO extends deadline for NFP self-review returns
1 minute read

You may have read our recent article on the new annual reporting requirements for tax-exempt not-for-profit (NFP) organisations. From 1…

Read More
A woman in a workplace lanyard labelled 'volunteer' smiles at the camera. Behind her, a man packs a cardboard box labelled 'donations'.
What’s an NFP self-review return, and how do I prepare one?
4 minute read

From 1 July 2024, the Australian Taxation Office (ATO) will introduce new annual reporting requirements for income-tax-exempt not-for-profit (NFP) organisations….

Read More
A close up of two people's arms. One person is handing a clear plastic box full of food items to the other.
Which not-for-profits are income tax-exempt?
3 minute read

While many not-for-profit (NFP) organisations are exempt from paying income tax, different rules apply to various types of entities. Below,…

Read More
A close up of a printed financial statement with a silver pen resting on top.
AASB 2021-2: Understanding the new Australian Accounting Standards
4 minute read

The newly introduced Australian Accounting Standards AASB 2021-2 – Disclosure of Accounting Policies and Definition of Accounting Estimates brings important…

Read More
A group of colleagues sit around a meeting room table having a discussion.
Practical Tips For Your NFP Organisation
4 minute read

One of the challenges facing Not-For-Profit (NFP) organisations is how to ensure strong governance practices are followed given the nature of these…

Read More
Auditing Requirements for Charities
Charities Take Note: Threshold increase results in changes to your auditing requirements
2 minute read

As part of the Australian Charities and Not-for-Profit Commission’s (ACNC’s) push to reduce the reporting and compliance burden for charities,…

Read More
2
AASB 1060 // are you prepared?
3 minute read

AASB 1060 is a new stand-alone disclosure standard to replace the current Reduced Disclosure Requirements (RDR) framework. The standard requires mandatory application for annual…

Read More