A crucial update has emerged in the administration of not-for-profits. To ensure your NFP maintains its income tax-exempt status, read on for essential details. What are the changes? From 1 July 2023, non-charitable NFPs with an active Australian business number (ABN) self-assessing as income tax exempt need to lodge an annual NFP self-review […]
Changes to Income Tax Reporting Requirements for NFPs Read More »
In recent exciting news, the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023 introduces a new class of Deductible Gift Recipient (DGR) charities. This Bill, introduced in September 2023, has passed both the House of Representatives and the Senate and is now nearing completion and awaiting royal assent.
Bill to Introduce New Category of DGR Charities Read More »
In the complex world of Australian philanthropy, grasping the essence of Deductible Gift Recipient (DGR) charities involves unraveling a intricate web of legalities. Delving into the legal intricacies that govern these entities requires a deep exploration of relevant acts and sections. Let’s embark on a journey to demystify the charitable maze and shed light on
Understanding DGR Charities and Their Legal Landscape Read More »
Every year, charities across Australia find themselves at the crossroads of transparency and accountability, navigating the Annual Information Statement (AIS). While it may seem like bureaucratic paperwork, this document holds the key to a robust and thriving charity sector. Let’s unravel the importance of the AIS, exploring why its submission is more than just a
Unveiling the Annual Information Statement Read More »
Congratulations on achieving charity status for your organisation! It’s a significant accomplishment that opens doors to impactful opportunities. In this post, we’ll explore the next steps you should take without diving into the specific legal sections. Navigating the Legal Landscape: Your newly acquired charity status falls under the purview of the Australian Charities and
I Have My Charity Status: Now What? Read More »
Under Australian law, not-for-profit organisations can take on various forms, including self-declared not-for-profits and registered charities. While both types of organizations operate with the aim of benefiting the community, there are significant differences between the two. A self-declared not-for-profit is an organisation that states it operates for the benefit of the community without seeking
Self-Declared Not-for-Profit vs Charity Read More »
As one of our main areas of specialisations, Warlows Legal is constantly observing the changing landscape of charities, and charitable contributions. The JBWere NAB Charitable Giving Index is a pivotal source for insights into the world of philanthropy; offering concise updates on charitable organizations and in-depth analyses of sectoral shifts, this index serves as a
The JBWere NAB Charitable Giving Index (CGI) – August 2023 Read More »
Registered charities in Australia must submit an Annual Information Statement to the ACNC, with potential penalties and revocation for non-compliance after two years. get in touch Warlows is part of the 1% PLEDGEWarlows are now members of HOPE NOW’s mission Registered charities are, by law, required to submit an Annual Information Statement to the Australian
What if I Forget to Meet my Reporting Requirements as a Charity? Read More »
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