Welcome to NFP News
Welcome to the inaugural edition of BDO’s NFP News. We are committed to providing professional services to the Not-for-profit sector and keeping you abreast of the key issues. For this reason, our new newsletter will be produced twice a year to provide useful information that will help not-for-profit entities manage risk, identify opportunities and plan for the future.
As always, we welcome your feedback and encourage you to contact us if we can be of any assistance.
To print all pages of this newsletter in full, please click Print All.
For more information, or support with your assurance, governance or tax needs, please contact the NFP team member in your state
Warning signs of employee fraud
In today’s fast paced business environment, it is increasingly important for not-for-profit organisations to keep ahead of the game when it comes to detecting fraud within their operations. According to The Association of Certified Fraud Examiners’ 2010 Report to the Nations on Occupational Fraud and Abuse 80 per cent of fraud was committed by employees. Read more
Ensuring your Not-for-profit operates at its full potential
A focus on efficiently using resources and operating to a clear strategy – performance improvement – can be a powerful differentiator for not for profit organisations. If not done properly though, it can be a time consuming and cumbersome task. Read more
Getting the most from GST concessions
While a host of GST related concessions are available for not-for-profit charities, we have found that not all organisations take full advantage of them. Read more
Exemption for community service institutions
In recent times, there have been a number of taxation cases that have considered the application of the tax rules relating to organisations established for "community purposes". Read more
Financial Reporting Update
While there are no significant new requirements for financial reporting by not-for-profit entities for the 30 June year end, there are various issues that still require attention to ensure they are properly dealt with in the financial reports Read more