Setting Up
Our friendly and dedicated team are eager to help you set up your Not-for-Profit during this exciting time. We are enthusiastic about the chance to listen to your plan, your goals and your future operations to find an optimal legal structure to suit your situation. We can also timely prepare and. lodge any further documentation required by governing bodies to ensure all applicable compliance regulations are continuously met.
Managing Compliance and Advice
We know that not-for-profits can sometimes now feel the same as running a regular business with all the additional responsibilities of accountability, risk management, transparency and governance. Our friendly team are happy to help with proactive planning and advice with this complex structure so that you have confidence in your decisions moving forward.
Accounting and Bookkeeping
Our accountants and bookkeepers are experienced in managing the affairs of not-for-profits. We are able to efficiently process your data complete any accounting and bookkeeping jobs that you may require and hold them to a high professional standard. Our years of experience mean that you can have confidence in the services we deliver and are ensured that they are completed in a timely manner.
Taxation
Our team consists of tax specialists that are dedicated to make our clients taxation lives as simple and hassle-free as they can. Their experience and knowledge means they can help you with all areas of tax including:
Income – Not-for-profits (NFPs) are generally tax-exempt, but it is still mandatory for them to prepare and lodge annual returns to the ATO, which our team would be more than happy to help with. Although, if your NFP does incur tax liabilities we can assist in minimizing your tax burden through advising on potential concessions and proactively providing other tax planning advice for future years.
Payroll – Hiring employees will mean that your business must register for PAYG withholding. Also, the Fringe Benefits Tax (FBT) may also become mandatory if these employees receive any non-monetary benefits. Although, most non-government
Financial Reporting
We at CBD Accountants Liverpool have experience in meeting the specific requirements that Not-for-profits have to meet. We can quickly and correctly prepare statements of profit or loss, financial position, changes in equity, cash flows and their associated notes to reflect your organisations situation. Our team can also easily produce general and special purpose reports, reduced disclosure documents and any other documentation that you may require.
Audit and Compliance with ACNC
When working with us, you will get the confidence knowing that our specialists will consistently deliver accurate Annual Reports to the ACNC and additional documents that may be required by other governing bodies so that you are always meeting your deadlines. Our experience extends to auditing not-for-profits so if required by the ACNC, we will be able to work closely with you so ensure it remains as hassle-free as possible.
Budgets and Forecasts
To ensure the