The Australian Taxation Office has recently issued changes to reporting requirements for non-charitable not-for-profit (NFP) organisations. Effective from 30 June 2024
The expected increase to the contribution caps from 1 July 2024 was confirmed on the 22 February 2024 following the release of the Average Weekly Ordinary Time Earnings index.
Legislation changes are being introduced to reduce red tape and improve internal governance for the 23,300 incorporated associations in Queensland, including 3,750 that have registered as charities.
Managing a self-managed super fund (SMSF) requires careful attention to detail, particularly when it comes to lodging necessary documentation and fulfilling regulatory requirements.