Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Leadership, Politics

New NFP Tax Initiative


Monday, 8th February 2010 at 10:51 am
Staff Reporter
A new Tax Office initiative to help the Not for Profit sector

Monday, 8th February 2010
at 10:51 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
New NFP Tax Initiative
Monday, 8th February 2010 at 10:51 am

The Australian Tax Office (ATO) has developed a new initiative to help Not for Profit organisations understand their tax obligations and entitlement to tax concessions.

Over the next few months, the ATO says it will be calling a selection of organisations that recently obtained an Australian business number (ABN) and indicated on the ABN application they are a Not for Profit.

The ATO says the calls will be limited to organisations that do not use the services of a tax agent so it can support those more likely to require assistance.

During the calls, the ATO says it will discuss key areas such as Not for Profit status, income tax exemption, deductible gift recipient status, goods and services tax (GST) obligations and concessions and employer obligations.

The ATO will also take the opportunity to discuss the products and services it has to help Not for Profit organisations, such as:

  • publications, including fact sheets, guides and rulings
  • the area of our website specifically for NFP organisations at www.ato.gov.au/nonprofit
  • an information line on 1300 130 248, which provides direct access to staff trained to handle NFP enquiries.

Organisations will also be invited to participate in a survey about the value of the calls.



Guide to Giving

FEATURED SUPPLIERS


...


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

Yes we’re lawyers, but we do a lot more....

Moores

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

More Suppliers

Tags : ATO, Taxation,

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

AICD Announces NFP Scholarships Across Australia

Luke Michael

Wednesday, 20th September 2017 at 12:10 pm

Public Interest / Private Interest – A Fundamental Distinction

David Crosbie

Thursday, 14th September 2017 at 8:46 am

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!