Non-profit and non-government organisations sit in an important place in Australian communities. Their services are diverse and valuable. Third sector organisations vary in size and purpose. Most rely on volunteers to maintain their function.
The tax systems of Australia provide a common denominator for third sector organisations. Tax responsibility in not for profit organisation carries accountability under Australia’s tax regimes: Commonwealth and State.
Responsible representatives of not for profit organisations must know how to maintain a tax safety net.
Our Webcast in the Redback Business series brings you up-to-date with tax responsibilities for not for profit organisations and builds your competencies to check and repair – where may be necessary – your tax safety net.
You will learn:
• why we need to maintain awareness of tax risk (formal legal obligations and maintaining public reputation)
• obtaining and maintaining eligibility for income tax concessions (for the organisation and for its donors)
• ensuring all boxes are ticked for employee tax matters, including PAYG, fringe benefits, superannuation
• keeping within GST requirements
• observing State compliance obligations, such as stamp duty, land tax, payroll tax.
View here: Tax Risk Governance for the Third Sector