Entries by Daniel Papaphotis

Rotation of auditors

As a not for profit organisation, your credibility rests on your reputation for integrity.  Transparency and rigour in all your financial dealings is crucial to maintaining your good standing in the community and amongst donors. Good governance can be one of your most productive assets. That’s why it’s a good idea to have a rotation […]

NFP annual reporting requirements

Starting June 30, 2024, the Australian Taxation Office (ATO) has introduced new NFP annual reporting requirements that will affect all not-for-profit organisations (NFP). This new mandate requires NFP’s to annually confirm their eligibility for tax exemption status using a specific self-assessment tool provided by the ATO. Understanding and adapting to these changes can be challenging, […]

New audit rules for Clubs and Associations

From 1 July 2016, the audit rules for clubs and associations in WA have changed. Do you need help understanding the rules? From 1 July 2016, smaller incorporated associations – that is, clubs and associations with less than $250,000 revenue per annum – will have no requirement to undertake a review or audit of their […]

New audit rules for Clubs and Associations

From 1 July 2016, new audit rules for clubs and associations in WA will come into effect. Are you ready? Do you need help understanding the rules? Smaller incorporated associations – that is, clubs and associations with less than $250,000 revenue per annum – will have no requirement to undertake a review or audit of their […]