Tag "Eligibility"

Eligibility Article ‘ Accounting issues faced by Charities and NFPS

With an estimated 600,000 NFPs operating in Australia and some 60,000 ACNC registered charities a recent Australian Accounting Standards Board research report into the Financial Reporting Requirements Applicable to Charities identified some concerning issues.

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Eligibility Article ‘ Yet again, another case of an organisation unsuccessfully seeking payroll tax exemption as a charity

The South Australian Supreme Court have recently considered whether the South Australian Chamber of Commerce & Industry Incorporated is entitled to exemption on some/all wages under the South Australian payroll tax law. The Court held the exemption did not apply.

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Eligibility ‘ Rating Categorisation: the Karimbla Case

NSW local authorities can expect renewed pressure from residential developers seeking to recover rates levied under a business rating categorisation of their residential projects during the construction phase. This article considers the decision in the Karimbla Case, that was handed down on 26 June 2017.

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Eligibility – Industry Ombudsman ‘ an industry regulator or charitable?

The Victorian Supreme Court was recently asked to consider whether the Telecommunications Industry Ombudsman could be considered a charity for Victorian Pay-roll Tax purposes. The case continues a string of recent decisions analysing where the boundary of the concept of charitable activities lies.

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Eligibility ‘ Victorian Payroll Tax changes for Regional Employers

Recently announced changes to Victorian Payroll tax provide direct payroll tax savings for certain ‘regional employers’. This type of concession (which is being increasingly offered across Australian States and Territories), however, also provide indirect benefits for customers of those businesses. These benefits should be considered when negotiating supply contracts with such businesses, particularly where labour […]

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Eligibility ‘ Federal Budget Implications for NFPs

The Federal Budget presented on 9 May 2017 contained several taxation-related matters that will impact on, or otherwise interest, NFPs.  Some matters will be relevant to all NFPs and others will have a more limited audience.

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Eligibility ‘ Foreign Resident Capital Gains Withholding Tax: Implications of the Budget Proposals

The Federal Budget of 9 May 2017 proposes two changes to Foreign Resident Capital Gains Withholding (FRCGW) Tax. This article considers the nature and implications of the proposed changes and the envisaged transitional arrangements.

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Eligibility ‘ Foreign resident capital gains withholding payments ‘ Concession re NFP vendors

This article considers a recent Legislative Instrument which alleviates the need for purchasers acquiring certain assets from certain NFP entities either to make foreign resident withholding payments to the ATO in respect of the purchase or for those NFPs to make a variation application.

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Eligibility ‘ Recent Developments at a Glance: February 2017

This article alerts you to some NFP sector- related developments over the past month. It deals with matters which have a more specialist nature or matters requiring only brief comment. There is material on accounting standards, Activity Statements, AUSkey, Fuel Tax, Fundraising etc.

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Eligibility ‘ When will the Employment Agent Rules not apply?

It is the generally understood position that employment agents are liable for payroll tax on workers procured for clients of the employment agency. A recent case shines a light on the employment agency rules and provides a favourable outcome for certain types of transactions.

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