Attention all not-for-profit organisations — Especially Treasurers! Are you aware of the upcoming changes in Australian Taxation Office reporting requirements for NFPs?
Many of the NFPs we are talking to are unaware of these changes, so to ensure you understand what you need to do and what steps you need to take Aubrey Brown Lawyers, Bishop Collins Audit, Dynamic Accounting Taxation Advisors, Jazoodle, and Smithink have partnered together to present a FREE Webinar to explain the upcoming changes.
Starting from the 2023-24 income year, if your not-for-profit has an active Australian Business Number (ABN), you’ll need to lodge an NFP self-review return to access income tax exemption. This new requirement means you must review your organisation’s purpose and activities against specific criteria and report this to the ATO.
Who Needs to Report:
- Not-for-profits with an active ABN seeking to self-assess income tax exemption
- Organisations needing to self-assess and report their eligibility to the ATO
Who Doesn’t Need to Report:
- Government entities or charities registered with the Australian Charities and Not-for-profits Commission (ACNC)
- Taxable not-for-profits already lodging income tax returns or notifying the ATO of returns not necessary
This free online seminar is designed to simplify these changes and help you understand the steps you need to take.
By attending, you’ll have the knowledge and tools to comply with the new reporting requirements and ensure your not-for-profit organisation continues to benefit from income tax exemptions.
When and Where
Thursday October 24, 2024 AEDT
NEW DATE: Monday, October 28, 2024
Commencing 09:00am sharp, until 10:30am
The Webinar will be held via Zoom and pre-registration is essential. See below for the registration link.
Webinar Agenda
9:00-10:00am Hear from our panel of experts who will share their inside knowledge of what your organisation needs to do to become compliant, no matter what stage you are at.
You will gain:
- A clear understanding of the new requirements
- Practical steps to update your organisation’s contact details and ABN registration
- Guidance on reviewing your organisation’s main purpose and governing documents
- Instructions on setting up and linking your myGovID to your NFP’s ABN in Relationship Authorisation Manager (RAM)
10:00-10:30am: Q&A
Facilitator and Panel Experts
The webinar will be facilitated by Mark Holton, Smithink
And the Panel Experts will include:
Andrew Paton-Smith, Jazoodle
Anna Cruckshank, Aubrey Brown Lawyers
Martin Le Marchant, Bishop Collins Audit
Meg Granger, Dynamic Accounting Taxation Advisors
Register for Upcoming Changes in Reporting Requirements for Not-for-Profits Webinar
Register Now! Don’t miss out on this crucial information session about “Upcoming Changes in Reporting Requirements for Not-for-Profits” Webinar, which will be via Zoom.
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