The Australian Charities and Not-for-profits Commission (ACNC) has introduced a new logo, the Tick of Charity Registration, for use by eligible registered charities. The Charity Tick aims to give reassurance to the public that a charity is transparent and accountable by highlighting its presence on the ACNC Charity Register. Charities who are overdue in providing their yearly reporting to the…read more →
The Australian Taxation Office’s (ATO) free myDeductions tool is a useful resource for both individuals and sole traders. Individuals can save themselves time and effort by keeping their tax deductions organised. Sole traders can use the tool to keep track of income and expenses. To access the tool you will need to download the app to your smart device and…read more →
If your charity uses the standard reporting period of 1 July to 30 June, you will need to submit your 2016 Annual Information Statement with the Australian Charities and Not-for-profits Commission (ACNC) by 31 January 2017. The ACNC provides a range of free resources to make the submission process easier for all registered charities, including a checklist, a draft worksheet…read more →
Did you know that there’s a standard that all organisations (including registered charities) must follow when making telemarketing and research calls? The Australian Communications and Media Authority (ACMA) administers the Telemarketing and Research Industry Standard. Registered charities are exempt from Do Not Call obligations, meaning they are allowed to conduct telemarketing to numbers on the Do Not Call Register, however…read more →
If your not-for-profit (NFP) organisation has elected to pay and report its GST to the Australian Taxation Office (ATO) annually, you must do so by 28 February 2017. Your organisation can choose to report and pay GST annually as long as it: is not required to register for GST, and has not elected to pay GST by instalment amounts. Your…read more →
The team at Steven J Miller & Co would like to take this opportunity to wish you all the best for the holiday season and we look forward to working with you in 2017. The office will be closed from midday on 22 December 2016 and will re-open on Thursday 12 January 2017.
It’s easy to spend too much at Christmas. If you are splurging on clients, to be a legitimate business expense and therefore deductible, the expense has to be related to how your business generates income. So, excessive expenses may draw the attention of the regulators and the deduction denied. If you are hosting client functions, inviting them to lunch, or…read more →
Last week, the Australian Charities and Not-for-profits Commission launched the Australian Charities Report 2015. The Australian Charities Report 2015 is the third of its kind, however it is the first to compare findings with previous years. The 2015 report found that: Total income had grown 2% to over $134 billion Donations and bequests grew 2.4% to $11.2 billion There are…read more →
Changes to the association laws came into effect on 1 September 2016, including amendments made to the Associations Incorporation Act 2009 (the Act) and a new Regulation. The following is a summary of the key changes: An association is no longer required to reserve a name prior to making an application to register an association, or an application to change…read more →
In recognition that some small businesses needed extra time to get ready, the ATO has extended the time to make the changes and be SuperStream ready until 28 October 2016. There are a number of options a small business can choose to implement SuperStream: using a payroll system that meets the standard a super fund’s online system a messaging portal…read more →