It is a good idea to regularly check that your not-for-profit organisation is meeting its tax and super obligations and claiming what it is entitled to. The Australian Taxation Office (ATO) recommends you conduct a self-review of your not-for-profit at least every 12 months or when there are significant changes in structure or activities within the organisation.
To help you, they have a range of worksheets and checklists that you can use to review your not-for-profit. These are all located on one webpage to make it easier for you. The self-review page allows you to:
- find out if your organisation is eligible for an income tax exemption
- check that your organisation is still entitled to endorsement as a deductible gift recipient
- review your status as an NFP organisation and understand how you manage your tax and super risks.
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