October 18, 2016

New draft rules to make not-for-profits record the fair market value of items such as council peppercorn leases is likely to increase compliance costs and impede the fundraising ability of groups such as local sporting clubs.

The new rules state an entity shall recognis...

October 13, 2016

On the 28th September 2016 the AASB issued new income recognition requirements for not-for-profit (NFP) entities:

  • AASB 10XX Income of Not-for-profit Entities; and

  • AASB 2016-X Amendments to Australian Accounting Standards – Australian Implementation Guidance for...

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Single Touch Payroll version 2 delayed

May 7, 2020

Dure to the pandemic and the ATO's focus on Job Keeper Single Touch payroll version 2 implementation has been delayed. There has been no date set for...

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April 4, 2019

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