The New Process to Register for Tax-Deductible Donations: How Your Charity Might Be Affected
Currently, certain charities have the status which allows them to receive tax-deductible donations. This status provides a significant advantage to charities insofar as it allows donors to make larger donations, with pre-tax dollars. For donors in the top marginal tax bracket (currently 45%), this represents a substantial benefit to the fundraising efforts of any particular […]
The Curtailing of VCAT’s Powers and the Victorian Consumer
‘Fair, efficient and affordable justice for the Victorian community’. The Victorian Civil and Administrative Tribunal has been a staple of Victoria’s legal system for over two decades, providing applicants with expedient access to justice without the need for legal representation. Further, VCAT cuts costs and wait times with its heavy emphasis on settlement and dispute […]
So, you are a registered PBI…but do you know about your legal entitlements?
Not for profits play an integral role in our community. In recognition of the contribution made by the charity sector, the government provides extra tax benefits to their employees, by allowing a greater tax savings and salary packaging. These are known as “fringe benefits.” Under section 57A Fringe Benefits Tax Assessment Act 1986, a charity […]
Top Ten Reasons for Registering Your Trademark
1. A registered trademark is a valuable asset for your business. The value of intellectual property such as trademarks often equals or even surpasses the value of physical assets for a company. 2. Trademark registration, brand recognition and goodwill are all factors which can work towards the purchasing power your business has. Intangible assets are […]
Our Social Focus
In this article: Pro Bono Business Law Clinic Environment Mental health Philanthropy Warlows Legal’s Indigenous Clientele Warlows Legal has always felt passionate about serving the Indigenous Australian community with their legal needs. We have achieved this through successfully serving our many Indigenous clients, assisting them in the legal complexities of starting a company, as well […]
What is a Social Enterprise?
The fact that “things aren’t the way they used to be” is one of those things that never change. This is the case whether in the context of the way kids behave, how cars are made, or the successes of family businesses. In particular, charities and non-for-profits are finding it increasingly difficult to fund their […]
Volunteers
Engaging volunteers comes with its own unique opportunities and challenges. It differs from hiring employees in substantial ways, both legally and practically. Since volunteers engage in a vast range of different activities, various questions may arise. What are my obligations to my volunteers? Can I give a volunteer a gift of money as a token […]
Top Four Tips for Preparing for a Negotiation
Negotiating is a process which people often go into blindly without adequate preparation. However, it is crucial that you do all that you can beforehand to ensure you get the most out of a negotiation. Regardless of what the negotiation is about or who you are negotiating with, these 4 tips can help you be […]
Tax-Deductible Opportunities for Indigenous Charities
Following a recent application submitted to the Australian Charities and Not-for-profits Commission (ACNC), a private school located in a remote part of Australia was approved to be a Public Benevolent Institution (PBI). The school, focused upon educating Aboriginal members of its local community, was previously registered as a charity for the purpose of advancing education. […]
Tax Effective Giving: Charitable Distributions Through Discretionary and Charitable Trusts
A ‘trust’ is an arrangement by which a trustee (individual or company) holds property ‘on trust’ for beneficiaries. With a discretionary trust, the trustee determines which of the beneficiaries will receive trust income and the timing and nature of distributions from the trust. A charitable trust is a trust that operates for charitable purposes. In some instances, (depending […]