JobKeeper continues to evolve. Employers need to be aware of the changes. The JobKeeper Payment (JKP) scheme has been a major focus of the Government, media, advisers, businesses/employers and employees since it was first announced on 30 March 2020. Under the JKP scheme, employers (including not-for-profit (NFP) entities and charities) who have suffered a prescribed […]
Eligibility – JobKeeper: what’s changed? Read More »
To assist in navigating through the complexity of COVID-19 tax measures, we have prepared a high-level tabular summary of land tax concessions. The recent and on-going COVID-19 crisis has seen the announcement of unprecedented stimulus packages by the Federal and State Governments. Whilst the majority of the current press around these measures has been around
Eligibility – A summary of the Land Tax COVID-19 measures Read More »
The COVID-19 pandemic has necessitated substantial stimulus and assistance packages and measures across all levels of the economy. This article highlights some of the measures that may be of interest to not-for-profit entities and local government entities based on information available as at 31 March 2020. The ongoing COVID-19 pandemic has impacted every facet of
Eligibility – COVID-19 relief measures for NFPs Read More »
In the wake of the ever-changing COVID-19 crisis, the State and Federal Governments have released a number of stimulus and assistance measures to help ease the burden on entities and households alike. Payroll tax (PRT) has been a key focus of stimulus measures in each of the States and Territories. Whilst welcome, these PRT measures
Eligibility and Payroll – A summary of the Payroll Tax COVID-19 measures Read More »
2019 Annual Information Statement To date, the Federal, State and Territory governments have introduced a range of economic measures in response to the Coronavirus (COVID-19). Some of these have been discussed in accompanying articles, COVID-19 relief measures for NFPs and A summary of the Payroll Tax COVID-19 measures. The Australian Charities and Not-for profits Commission
Eligibility – COVID-19 – Managing your charity operations Read More »
The ACNC intends to progressively review the entitlement of registered charities that are DGRs to remain registered. Initially it will look at 500 PBIs. Will your organisation pass any review? On 11 March 2020, the Australian Charities and Not-for-profits Commission (ACNC) announced it will be reviewing the entitlement of registered charities that are deducible gift
Eligibility – Gift deductible recipients: Are you ready for the ACNC review? Read More »
In a previous article, we looked at ‘External Conduct Standards’ which apply to charities that engage in activities outside Australia. However, charities and many other categories of TaxEd subscribers need to be mindful that Australian taxation concessions are predicated on the relevant entity continuing to have an appropriate nexus with Australia. Charities that are registered
Eligibility – Charities operating overseas: What you need to know (Part 2) Read More »
According to the Australian Charities Report 2017 (most recent available) around 10% of Australian charities (inclusive of religious organisations) operate overseas in various ways. Some might send goods or services (whether directly or in partnership with overseas based charities) to support overseas projects or programs, some might directly undertake works on the ground in the
Eligibility – Charities operating overseas: What you need to know (Part 1) Read More »
Where an organisation’s purposes qualify it as a charity under tax law and it is eligible for income tax exemption as a result, does the entity have a choice of whether to register with the ACNC to be income tax exempt? Registration with the Australian Charities and Not-for-profits Commission (ACNC) is a matter of
If an employer gains public benevolent institution (PBI) status during the FBT year, do employees become eligible to use the full $30,000 FBT exemption cap in that year? In the June 2019 TaxEd Update, we considered the FBT implications of a public benevolent institution (PBI) that was previously entitled to the higher $30,000 FBT cap
Eligibility & FBT – Securing PBI status during an FBT year: Effect on FBT exemption cap Read More »
