We are Here to Help you to Setup Charity and Not for Profit Organisations
CBD Accountants Sydney specialises in not-for-profit setup and advisory services. Our friendly and experienced team of Qualified Accountants and Registered Tax Agents managing Charity and Not-for-Profit organisations for many years. We are experts in setting up and managing Charity organizations, religious entity, club, association and similar entities. If you already have the organisation in place, we are experienced in assist you with the ongoing advice and complying with all regulatory bodies.
Charity Setup
We are here to help during your momentous occasion of setting up your not-for-profit organisation. Our team is eager to understand your goals and what you are hoping to achieve. We will walk through with you to create the Charity organisation. Leave your stress with us to setup the not-for-profit organisation.
Managing Compliance and Advice
We have a wide range of knowledge and experience in Not for Profit set up and advisory services. Not-for-profit organisations may feel the same as though they are operating a regular business due to the various regulatory demands and increasing responsibilities associated with accountability, risk and governance. We understand the needs that come with the complexity of this structure and can ensure continual compliance as well as proactive advice so that you can confidently prepare for the future.
Accounting and Bookkeeping
Our team of experienced accountants can quickly enter and process your data and deliver any other accounting and bookkeeping jobs you require to a high professional standard. Due to our years of knowledge and experience of charities and similar organisations, we can finalise you accounting and bookkeeping needs is a timely manner.
Taxation
At CBD Accountants Sydney our tax & accounting experts are eager to assist with your organisational requirements. We assist businesses, organisations and individuals with tax strategy, planning and compliance, whilst also delivering a wide range of business advisory services.
Income Tax Returns for Charity – We understand that most Not for Profit (NFP) are tax exempt but still required to prepare and lodge annual tax returns, which we can help by timely and accurately preparing for you. Although, if the specific NFP is liable for taxation we are experienced and can work closely with your organisation to minimise your taxation liabilities for the present period. Our Sydney office team will go through your organisation’s structure and will apply the potential tax concessions for your charity.
Payroll Management – If the NFP hires any employees the organisation will be required to register for PAYG Withholding. In addition, should you offer any non-monetary benefits, you may also be subject to FBT requirements, although most NGOs are permitted a limited rebate. CBD Accountants Sydney is ready to manage your payroll system including Single Touch Payroll (STP), Superannuation and all other necessary payroll and staff related ATO compliances.
Financial Reporting
Our experienced team at CBD Accountants Sydney completely understands the requirements of NFPs which includes general or special purpose reports and reduced disclosure requirements. We are also able to accurately prepare a profit and loss statement, statement of financial position, changes in equity, cash flow statements and their associated notes to correctly represent your financial situation.
Audit and Compliance with ACNC
CBD Accountants Sydney is fully equipped with all the knowledge and experience to provide precise Annual Reports to the ACNC (Australian Charities and Not-for-profits Commission) and any further documentation that may be required by government bodies. We are experienced with auditing Not-for-Profits, so if you are required by the ACNC we are eager to assist and meet your deadlines.
Budgeting and Forecasting
We at CBD Accountants Sydney look forward to seeing your organisation grow & flourish. Our team can prepare budgets and forecasts tailor made solutions to your goals and records so that you have confidence in your future decision-making. Whether your targets are around fundraising or being more cost-effective we can develop professional strategies and adapt them when needed so that you can maximise the benefits.
We feel very proud & privileged working with not-for-profit organisations and put in all our efforts to ensure you achieve all the desired goals and objectives.