Tag Archives: charities

Can you define non-profit, a not for profit organisation, or a charity – what’s the difference?

  This post has been updated and moved to here

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IRD advice: Honoraria and taxing payments to volunteers

IRD advice on Honoraria and taxing payments to volunteers has been updated. Includes reimbursement of volunteers for expenses, mileage and honoraria. < Go to IRD website >  < See also:   Fringe Benefit Tax and Charities >

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Fringe Benefit Tax and Charities

If you provide vouchers or short term charge facilities to your employees, from 1 April 2014 the rules on FBT are changing. Cjharities will no linger be exempt when the total value of the benefit (eg petrol vouchers, pre-loaded credit … Continue reading

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Charities – Non-filing of Annual Returns

Charities registered with Charities Services are required to file an Annual Return. This can be done fairly easily on-line. It appears onerous but is not. There are penalties, including deregistering, for those who do not submit an Annual Return.  Charities … Continue reading

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Australia – changes to Charities and Not-For-Profits Commission

I hear that changes are proposed to non-profit regulation and reporting in Australia. Can you tell me more?  There is a  detailed comment on the King and Wood Malleson’s website. There’s also comment in a recent article in the Sydney … Continue reading

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Changes to Financial Reporting

I hear that there are changes proposed to financial reporting standards for non-profits, can you tell me a little more about what is proposed? At the start of 2012 Grant Thornton published a paper on the proposed changes. In it … Continue reading

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Funding Sources

We are finding it difficult to find sources of funding for our non-profit. Can you provide any advice? In the current climate funding is difficult and charities are often in competition with each other for the relatively limited funding available. … Continue reading

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What is the value, in monetary terms, of the nfp sector in NZ?

In February 2014 Charities Services made this comment: ” [There are]  27,011 registered charities in New Zealand managing an asset base of $40 billion, they have an annual income of $15.1 billion – a large proportion of which comes from donations. “

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Forming a non-profit organisation.

I want to form a non-profit organisation. How do I go about it ? The relevant information is contained on the website of the Registrar of Incorporated Societies and there are Fact Sheets on the Charities website. You should consider … Continue reading

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How long must documents be retained?

I would be grateful for information about any legal requirements that must be met with respect to the period of time that a trust must retain any documents, such as minutes of meetings, financial records, correspondence, etc “The formal records of … Continue reading

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