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May 05, 2021 / News
Not-for-Profit Newsletter | Edition 8
This edition covers a number of financial reporting matters including commentary on the lodgement of incomplete financial reports, proposed changes to reporting thresholds, and ACNC best-practice disclosures. Read more
Jan 28, 2021 / News
Not-for-Profit Newsletter - Edition 7
Welcome to the newest edition of our Not-for-Profit Newsletter. Please feel free to contact us if you have any questions about the content of this Newsletter. Read more
Jun 22, 2020 / News
Fringe Benefits Tax (FBT) Management Issues
As the end of the FBT season draws to a close it is timely to reflect upon common FBT management issues faced by clients and errors we’ve seen in FBT returns prepared by others. Read more
Jun 18, 2020 / News
Schools and Colleges Financial impacts of COVID-19
With evolving Government initiatives to assist businesses recover from any negative financial impacts of COVID-19, coupled with new financial risks, we have outlined below some key areas which may impact your School or College in 2020. Read more
Mar 24, 2020 / News
AASB approves removal of Special Purpose Financial Statements
From 1 July 2021, for-profit entities preparing financial statements in accordance with the Corporations Act 2001, other legislation, their constituting documents or other agreements will not be permitted to prepare Special Purpose Financial Statements (“SPFS”). At the same time, the existing Tier 2 Reduced Disclosure Regime (“RDR”) will be replaced by new Tier 2 disclosure requirements. Read more
Feb 26, 2020 / News
New disclosure requirements for Not-For-Profit entities preparing SPFS
For financial years ending on or after 30 June 2020, certain not-for-profit (NFP) entities preparing special purpose financial statements (SPFS) will need to include new disclosures in their financial statements regarding their compliance with the recognition and measurement (R&M) requirements of Australian Accounting Standards (AAS). Read more
