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Tag : Tax concessions

Urgent Call For Charities Facing Status Revocation to Get in Touch

Wendy Williams, Tuesday, 10th April 2018 -  More than 100 Australian charities which have not reported to the national charity regulator could be set to lose their charity status. The Australian Charities and Not-for-Profits…

Wealthy Tax Concessions Costing $68 Billion a Year

Luke Michael, Monday, 26th March 2018 -  Tax concessions for Australia’s wealthiest 20 per cent are costing more than $68 billion a year, while the bottom 20 per cent of Australians receive just $6.1 billion in concessions,…

Charity Trusts Protected in Labor’s Tax Reform Plan

Lina Caneva, Monday, 31st July 2017 -  The community sector has welcomed a move by the Labor party to safeguard charitable trusts in its tax reform policy released on Sunday. The federal opposition announced that a Labor…

Charitable Purpose and Tax Concessions

Staff Reporter, Tuesday, 11th October 2016 -  Will the new funding measures that your charity is proposing to implement impact on your current tax concessions asks Guy Brandon, tax consulting partner at HLB Mann Judd. Your charity…

ATO Commits to Better NFP Engagement and Communication

Rod Walker, Tuesday, 13th September 2016 -  Opinion: The Australian Tax Office is on a mission to better understand some of the unique challenges facing the Not for Profit workforce, including volunteers, and the issues around…

ACNC Revokes Status of 503 Charities for Double Defaulting

Wendy Williams, Friday, 26th August 2016 -  The national charity regulator is calling on the public to always check the Charity Register before giving, to ensure that they are giving to a legitimate registered charity. It comes…

Budget to Target NFP Tax Concessions

Xavier Smerdon, Tuesday, 5th May 2015 -  Savings made from any changes to Not for Profit employment benefits should be returned to the sector, according to a peak body, as speculation mounts that the Federal Government will…

Government Benches Proposed New Charity Taxes

Staff Reporter, Friday, 1st February 2013 -  The Federal Government has delayed the introduction of its controversial 2011-12 Budget measure to introduce new charity taxes until July 1, 2014 – a move welcomed by the Not…

Survey Launched on Not for Profit Tax Concessions

Staff Reporter, Wednesday, 16th January 2013 -  A new Not for Profit survey on tax concessions has been launched in response to the Federal Government’s NFP tax concessions discussion paper. National accounting firm, BDO,…

Opinion

Tax Concession Paper Needs Careful Consideration

Staff Reporter, Thursday, 8th November 2012 -  OPINION: The recently published NFP Sector Tax Concessions Working Paper poses 51 questions that require careful consideration, and the "ATO clearing house" option…

Tax Concessions & the NFP Sector

Staff Reporter, Monday, 5th November 2012 -  The Federal Government’s Not-for-profit Sector Tax Concession Working Group has released a discussion paper seeking public submissions on how tax concessions can be improved…

Govt Revises Draft Bill on Tax Concessions for NFPs

Staff Reporter, Thursday, 19th April 2012 -  The Federal Government has released a revised exposure draft on the special conditions for tax concessions for Not for Profit entities, including the controversial ‘in Australia’…

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