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Apr 28, 2020 / News

COVID-19 Stimulus and Support Measures for NFP’s

We have summarised the COVID-19 related stimulus and support measures that are available for Not-for-Profit (NFP) entities. Read more

COVID-19 / Not for Profit


Apr 23, 2020 / News

Not-for-Profit Newsletter - April 2020

The current climate has tested many organisations and we understand that many of you may need assistance navigating your way through the changes. We encourage all of our clients to reach out to their Nexia Edwards Marshall Advisor so that we can assist you during this time. Read more

Not for Profit


Mar 24, 2020 / News

AASB approves removal of Special Purpose Financial Statements

From 1 July 2021, for-profit entities preparing financial statements in accordance with the Corporations Act 2001, other legislation, their constituting documents or other agreements will not be permitted to prepare Special Purpose Financial Statements (“SPFS”). At the same time, the existing Tier 2 Reduced Disclosure Regime (“RDR”) will be replaced by new Tier 2 disclosure requirements. Read more

Audit and Assurance / Education / Not for Profit


Feb 26, 2020 / News

New disclosure requirements for Not-For-Profit entities preparing SPFS

For financial years ending on or after 30 June 2020, certain not-for-profit (NFP) entities preparing special purpose financial statements (SPFS) will need to include new disclosures in their financial statements regarding their compliance with the recognition and measurement (R&M) requirements of Australian Accounting Standards (AAS). Read more

Education / Financial Reporting / Not for Profit


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


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