Search

Display 1-8 of 8

ACNC's 2026–27 focus areas & what Boards & CFOs should be across

28/08/2026

The Australian Charities and Not-for-profits Commission (ACNC) has set out where it will be looking this year, and both priorities land directly on the Board’s table. The regulator has named two areas of focus for 2026–27, those being: Neither is new territory for a well-run charity, but both are worth a proper look before the […]

Late NFP self review return lodgement: ATO suspends penalties

15/04/2025

The ATO has introduced an annual self-review return requirement for non-charitable NFP organisations with an active Australian Business Number (ABN) to confirm their eligibility for income tax exemption. The inaugural NFP self-review return for the 2023–24 income year was due by 31 March 2025.  Please refer to our previous article for details on the questions […]

NFP self-review return due 31 March 2025 – How to lodge 

30/01/2025

The NFP self-review return is a new annual reporting requirements for non-charitable NFPs with an active ABN. Relevant NFPs should lodge the return annually to confirm their eligibility to self-assess their income tax exempt status. For NFPs with a standard year end of 30 June, the return must be lodged by 31 October each year. […]

Sporting Clubs 2024 annual return update

22/01/2024

The ATO has further updated their website to assist Not-for-profits (NFPs), including sporting clubs, prepare in advance of lodging their first online NFP self-review return for the 2023-24 income year. The NFP self-review return will be available from the Online Services section of the ATO website from 1 July 2024. It will be due for […]

Sporting Clubs 2024 annual return reporting moves a step closer

15/12/2023

The ATO website has been updated to advise Not-For-Profits (NFPs), including sporting clubs, that they are required to lodge their first NFP self-review return for the 2023-24 income year, between 1 July and 31 October 2024. First announced in the 2021 Federal Budget, NFP’s including sporting clubs, societies and associations, with an active Australian business […]

Clubs - Update on new self-review requirement for income tax exemption

23/11/2022

From 1 July 2023, clubs seeking to maintain their income tax exempt status will be required to lodge an online Annual Self-Review Form with the ATO (Australian Tax Office). In the 2021 Federal Budget, the former Government announced that it was providing $1.9m to build an online system to enhance the transparency of income tax […]

Financial Reporting series 2021

11/11/2021

Each session in the series will be focusing on topics that are expected to be of particular importance for financial reporting in 2021. Webinar 1 (18 March 2021): Removal of special purpose financial reporting Moving from Special Purpose to General Purpose Financial Statements Exempt entities Requirements of AASB 1060 i.e. New tier 2 General Purpose […]

Employment Taxes update 2021

04/03/2021

Our tax experts provided updates on: New and recent developments FBT recap and hot topics – reducing FBT on cars and car parking due to COVID-19 Global mobility and impacts of COVID-19 on tax residency and employee tax obligation Payroll tax and COVID-19 concessions The rise in popularity and attractiveness of employee share and incentive plans […]