Dec 03, 2018 / News

Changes affecting Directors and not-for-profit entities

The AASB has confirmed a major change to AASB 1058 and AASB 16 for below market leases from 1 January 2019. Read more

Audit and Assurance / Financial Reporting / Not for Profit

Nov 27, 2018 / News

Temporary relief for not-for-profit lessees from fair valuing ‘peppercorn leases’

For reporting periods beginning on or after 1 January 2019, AASB 1058 Income of Not-for-Profit Entities and AASB 16 Leases currently requires not-for-profit (“NFP”) entities to measure and recognise right-of-use assets at fair value for all existing and new below-market (‘peppercorn leases’) leases. Read more

Audit and Assurance / Not for Profit

Jun 12, 2018 / News

Does your organisation need to register for Goods and Services Tax?

If your registered charity has a GST turnover of $150,000 or more, it must register for GST. If your organisation has a GST turnover of less than $150,000, it can choose to register for GST. Read more

Education / GST / Not for Profit / Taxation

Feb 07, 2018 / News

South Australian Stamp duty concessions for not-for-profit entities

Stamp duty is a state based tax that the South Australian government charges on certain transactions and documents.Exemptions for these items may be available for not-for-profit entities. Read more

Not for Profit

May 31, 2017 / News

Top Tax Tips - 31 May

We are pleased to bring you the our top tax tips highlighting the latest tax developments that have occurred. Read more

Not for Profit / Taxation

Mar 10, 2017 / News

Accounting Update - Income of Not-For-Profit Entities

The accounting for donations, grants and contract revenue by not-for-profit (“NFP”) entities will be affected by three new accounting standards being introduced. Read more

Audit and Assurance / Not for Profit

Dec 02, 2016 / News

NDIS: Is it financially sustainable?

The National Disability Insurance Scheme (NDIS) is already wreaking significant change on the disability support sector. Read more

Not for Profit

Sep 06, 2016 / News

Accounting Update: Changes coming to accounting for NFP Income

The AASB is finalising its changes to the accounting by not-for-profit (“NFP”) entities for donations, grants, contributions and contract revenue through the introduction of two, as yet unnumbered, new standard. Read more

Audit and Assurance / Not for Profit