ABN and ACNC Registration Policy and Procedures for Parish Missions
|
|
- Aubrey Evans
- 6 years ago
- Views:
Transcription
1 ABN and ACNC Registration Policy and Procedures for Parish Missions Title ABN and ACNC Registration Policy and Procedures for Parish Missions Creation Date Version Last Revised Reformatted 31 March 2014 Approved by Approval date
2 Table of Contents 1. Application What is an Australian Business Number ( ABN )? Who is entitled to an ABN? How will an ABN help Parish Missions? Entitlement of Parish Missions to hold an ABN Additional ABN Registrations and/or DGR Endorsements Uniting Church in Australia GST Religious Group ABN and ACNC Registration Policy ABN and ACNC Registration Process ABN Queries Annexures...7 Copyright 2014 Uniting Church Last updated: 31/03/2014 Page 2 of 7
3 1. Application The following policy and procedures applies to all Parish Missions within the bounds of the Synod of NSW and the ACT ( the Synod ). A separate policy applies to all Congregations, Presbyteries and Synod Boards within the Synod. 2. What is an Australian Business Number ( ABN )? An ABN is a unique eleven digit identifier for use in dealings with the Australian Taxation Office ( ATO ) and other government agencies, including the Australian Charities and Not for Profits Commission ( ACNC ). An ABN indicates the organisation is registered with the Australian Federal Government as operating an enterprise in Australia. It also enables organisations to be registered with the ATO for: goods and services tax (GST); Pay as You Go (PAYG) Withholding arrangements for employee wages; and fuel tax credits (if applicable). If an ABN is not quoted by an organisation on any invoice it supplies to a third party, it may result in amounts being withheld from payments to the organisation under the PAYG withholding tax rules. 3. Who is entitled to an ABN? Not everyone is entitled to an ABN. To be entitled to an ABN an organisation must be operating an enterprise. An entity for ABN purposes means an individual, a body corporate, a corporation sole, a body politic, a partnership, an unincorporated association or body of persons, a trust or a superannuation fund. For the purposes of determining if an enterprise exists, the ABN law states that when an activity or series of activities are undertaken by: a charitable institution or trustee of a charitable fund in Australia; or a deductible gift recipient in Australia; or a religious institution in Australia an enterprise is in existence, and these entities can apply for an ABN. 4. How will an ABN help Parish Missions? Parish Missions can use their ABN to: register for goods and services tax (GST) and claim GST credits; register for pay as you go (PAYG) withholding; apply to the ACNC for registration of the congregational arm of the Parish Mission as a basic religious charity ; apply to the ACNC for endorsement of relevant tax concessions or exemptions as may apply to the ACNC registered charity; interact with other government departments, agencies and authorities; interact with the ATO on other taxes, such as fringe benefits tax (FBT); and Copyright 2014 Uniting Church Last updated: 31/03/2014 Page 3 of 7
4 access membership and associated benefits of the Uniting Church in Australia GST Religious Group. 5. Entitlement of Parish Missions to hold an ABN The majority of Uniting Church organisations that fall within the bounds of the Synod are unincorporated associations that are not legal entities in their own right. The Constitution and Regulations of the Uniting Church in Australia deal with the establishment of Parish Missions and therefore also provide for their respective powers. Regulation 3 deals with Government and Administration and installs a Church Council with the responsibility to manage the affairs of a Parish Mission. Parish Missions, unlike Congregations, are responsible for approved ministries of such special character and extent that their outreach programs extend into the broader community and are of a benevolent nature. Regulation specifically deals with the establishment of Institutions such as Parish Mission Outreach Programs. Institution means any body whether incorporated or unincorporated established by or on behalf of the Church or any of the uniting churches or in which the Church participates for a religious, educational, charitable, commercial or other purpose. All Institutions are required to hold a separate constitution governing their operation. This constitution must be approved by the Synod Constitutions Committee and endorsed by the Synod Standing Committee before any application for ABN and ACNC registration is applied for. Parish Missions therefore have the necessary legal substance to be able to apply for and hold two ABN registrations in the name of the: 1. Parish Mission Congregation with Charity tax concession status as a Charitable Institution and ACNC registration as a basic religious charity; and 2. Parish Mission Outreach Program with Charity tax concession status as a Public Benevolent Institution ( PBI ), endorsement as a Deductible Gift Recipient ( DGR ) and ACNC registration. The ABN held in the name of the Parish Mission Outreach Program will not meet ACNC criteria for a basic religious charity and will therefore be required to comply with the ACNC s financial reporting and governance regime. 6. Additional ABN Registrations and/or DGR Endorsement Where a Parish Mission believes they need to hold additional ABN registrations or seek DGR endorsement they should obtain immediate guidance from the Risk and Compliance Division of Uniting Resources. 7. Uniting Church in Australia GST Religious Group Religious charities endorsed by the ATO to access GST tax concessions and which belong to the same religious organisation are eligible to join a GST religious group provided they meet certain requirements. In accordance with the New Tax System (Goods and Services Tax) Act 1999 the Uniting Church in Australia has established a national GST Religious Group. The Uniting Church in Australia Assembly has been appointed as the head member of the Uniting Church in Australia GST Religious Group and is tasked with maintaining the membership and relevant correspondence with the ATO. To be eligible to join and remain a member of the GST Religious Group, Parish Missions must be GST registered, endorsed to receive GST concessions and maintain endorsement from the ATO as an income tax exempt charitable institution. Copyright 2014 Uniting Church Last updated: 31/03/2014 Page 4 of 7
5 Parish Missions can only be a member of one GST Religious Group (for example by being a member of the Uniting Church in Australia GST Religious Group, organisations are not entitled to join the Anglican Church (or any other religious denomination s) GST Religious Group). The benefit of being a member of the GST Religious Group is that there are NO GST consequences for any transaction between group members. This means that for any transaction between Parish Missions and presbyteries (for example) there is no need to have GST included in the transaction value. This also means there is no GST to claim on those expenses. This is a significant benefit to the Uniting Church in Australia. 8. ABN and ACNC Registration Policy Without exception, all applications from Uniting Church organisations for ABN and ACNC registration are to contain the following standard information and must be endorsed by the Risk and Compliance Division of Uniting Resources prior to any application being submitted to the ATO and/or ACNC as applicable. If you believe your circumstances require different information to be included, you will need to contact Uniting Resources and discuss these differences. 8.1 ENTITY NAME Your entity name must be prefixed with UCA -, for example: UCA Uniting Resources UCA Paddington Mission UCA Lifeline Northern Rivers UCA Pymble Ladies College 8.2 ENTITY TYPE Your entity type must be Other Unincorporated Entity. 8.3 GOODS AND SERVICES TAX (GST) To ensure that each Uniting Church organisation has the potential to receive the benefits arising from the GST Religious Group exemption they must be registered for GST regardless of the estimated or actual level of GST turnover. 8.4 TRADING NAMES If your organisation is trading under a name that is different to your entity name, all trading names must be included in the organisation s ACNC registration. 8.5 CHARITY TAX CONCESSION STATUS Parish Mission Congregation Your charity tax concession status must be endorsed as a Charitable Institution and have access to the following tax concessions, including the GST Religious Group exemption as an absolute minimum. GST Concession; and FBT rebate; and Income Tax Exemption status. In addition the Parish Mission Congregation must also be endorsed by the ACNC as a Basic Religious Charity. Copyright 2014 Uniting Church Last updated: 31/03/2014 Page 5 of 7
6 8.6 CHARITY TAX CONCESSION STATUS Parish Mission Outreach Program Your charity tax concession status must be endorsed as a PBI and have access to the following tax concessions: GST Concession; and FBT rebate; and Income Tax Exemption status. 8.7 DEDUCTIBLE GIFT RECIPIENT ( DGR ) STATUS Parish Mission Outreach Program only Providing the Parish Mission Outreach Program falls within a general DGR category as specified in the tax law and meets the other conditions relating to that category, it may elect to be endorsed as a DGR. 9. ABN and ACNC Registration Process Without exception, Uniting Church organisations seeking ABN and ACNC registration must follow the processes below: Step Action Parish Mission Congregations Complete Annexure 3 titled ABN and ACNC Application Information Form for Congregations, Presbyteries and Synod Boards and Annexure 4 Application to join GST Religious Group. Parish Mission Outreach Programs Complete Annexure 6 titled ABN and ACNC Application Information Form for Public Benevolent Institutions and Annexure 4 Application to join GST Religious Group. These documents have been prepared by Uniting Resources as a common base from which applications are to be made. Submit completed forms with accompanying documentation to Uniting Resources for endorsement. Completed forms can be posted to: ABN Registration Endorsement Uniting Resources PO Box A2178 Sydney South NSW 1235 Uniting Resources will acknowledge receipt of applications within 7 working days and once applications are endorsed, Uniting Resources will facilitate lodgment of all applications to the ATO and ACNC. Any subsequent changes to ABN registration details are to be advised to Uniting Resources and endorsed by them, prior to the contact person for the organisation lodging changes with the ATO and/or ACNC. Copyright 2014 Uniting Church Last updated: 31/03/2014 Page 6 of 7
7 10. ABN Queries Queries relating to a new application for ABN and ACNC registration or a change in ABN and ACNC Registration status should be referred to: Risk and Compliance Division Uniting Resources ABN general queries should be referred to: Finance Division Uniting Resources 11. Annexures Annexure 1 Annexure 2 Annexure 3 Annexure 4 Annexure 5 Annexure 6 Is your organisation a Basic Religious Charity? ACNC obligations ACNC and ABN Application Information Form for Congregations, Presbyteries and Synod Boards Application to Join GST Religious Group Application to Join GST Religious Group Checklist ACNC and ABN Application Information Form for Public Benevolent Institutions Copyright 2014 Uniting Church Last updated: 31/03/2014 Page 7 of 7
ABN and ACNC Registration Policy and Procedures for Private Schools
ABN and ACNC Registration Policy and Procedures for Private Schools Title ABN and ACNC Registration Policy and Procedures for Private Schools Creation Date Version Last Revised Reformatted 31 March 2014
More informationABN and ACNC Registration Policy and Procedures for Congregations, Presbyteries and Synod Boards
ABN and ACNC Registration Policy and Procedures for Congregations, Presbyteries and Synod Boards Title ABN and ACNC Registration Policy and Procedures for Congregations, Presbyteries and Synod Boards Creation
More informationGuidelines for the. Remuneration of Parish. Clergy and Lay Ministers
National Anglican Resources Unit Guidelines for the Remuneration of Parish Clergy and Lay Ministers NARU General Synod Office PO BOX Q190 QVB Post Office NSW 1230 Ph: 02 9265 1525 Fax: 02 9264 6552 Guidelines
More informationThis fact sheet covers:
Legal information for community organisations This fact sheet covers: what is tax concession charity (TCC) endorsement? does TCC endorsement make us a tax deductible gift recipient organisation? This fact
More informationTax concessions for not-for-profit organisations
Tax concessions for not-for-profit organisations Thank you for your attendance The webinar will be starting shortly at 12.45 pm. Please note that all webinar participants will be on mute to minimise background
More informationTAX BASICS FOR NON-PROFIT ORGANISATIONS
NON-PROFIT NON-PROFIT ORGANISATIONS OVERVIEW NAT 7966-06.2005 SEGMENT AUDIENCE FORMAT PRODUCT ID TAX BASICS FOR NON-PROFIT ORGANISATIONS An overview of tax issues relating to non-profit organisations including
More informationChecklist to establish a Charity - public company limited by guarantee
Checklist to establish a Charity - public company limited by guarantee Overview This checklist sets out the steps to set up a charity under the structure of a public company limited by guarantee. A company
More informationChecklist. 1) Do some background research
Checklist Matters for consideration before you start a charity: Take some time to do some planning before you go ahead and start a charity it will help in achieving your goals, as well as identifying possible
More informationSCHOOL COMPLIANCE. Helen Coyer. Deputy Executive Director and Director (Operations) Independent Schools Queensland
SCHOOL COMPLIANCE Helen Coyer Deputy Executive Director and Director (Operations) Independent Schools Queensland School Compliance Snapshot - The new funding environment - ACNC - more compliance - Tax
More informationIntroduction 3. What is GST? 3. How GST works 3 What is the Tax fraction? 4. Types of supplies 4
1 P a g e CONTENTS Introduction 3 What is GST? 3 How GST works 3 What is the Tax fraction? 4 Types of supplies 4 supplies (SCREAM) 5 GST-free supplies 5 Input-taxed supplies 6 Implications for UCA congregations
More informationCharity law and tax tips for environmental organisations
Charity law and tax tips for environmental organisations Richard Hundt Lawyer 26 June 2015 30248069v1 1 Road map Organisational structures Charitable tax concessions Are you an environmental organisation?
More informationGUIDELINES FOR MINISTER S BENEFIT ACCOUNTS
Page 1 of 28 THE UNITING CHURCH IN WESTERN AUSTRALIA GUIDELINES FOR MINISTER S BENEFIT ACCOUNTS These guidelines are available to Ministers, Church Council Secretaries and Church Council Treasurers Page
More informationCertain philanthropic foundations and trusts can only make grants to organisations with DGR status as well as tax concession charity (TCC) status.
2 Organisations While anyone can give your organisation a gift, a donor can only get a tax deduction for it if your organisation, or the fund, authority or institution that it operates, is endorsed as
More informationGOODS AND SERVICES TAX (GST) A guide for Parish. Council Treasurers
Anglican Diocese of Newcastle GOODS AND SERVICES TAX (GST) A guide for Parish Council Treasurers 1st Edition 2012 GST A guide for Parish Treasurers Anglican Diocese of Newcastle 1st Edition 2012 copyright
More informationFBT for NFPs. A practical guide for your FBT compliance
FBT for NFPs A practical guide for your FBT compliance Presented by Phil Turnour, Risk & Intelligence Manager, Australian Taxation Office / 6 April 2017 Session Overview Session Overview 1. Registering
More informationFRINGE BENEFITS FOR CHURCHES INDEX
FRINGE BENEFITS FOR CHURCHES Exempt Benefits and Fringe Benefits Tax INDEX 1. The FBT Act 1.1. The Basis for Exempt Benefits 1.2. Churches Responsibility 2. Tax Exempt Benefits 2.1. Remuneration Package
More informationAnnual Financial Return (Categories only*)
INCOME CODE DEFINITION General offerings from Congregation attendees (via plate, envelope, electronically) I1 This is money collected from members of the Congregation during services either directly into
More informationCompliance Checklist
[insert ganisation name/logo] Compliance Checklist [This is a suggested checklist of legal compliance. It does not cover operational accounting compliance, and is not exhaustive.] Location of documents
More informationTHE GOODS & SERVICES TAX (GST) SYSTEM
AUSTRALIAN BUSINESS NUMBER (ABN) THE GOODS & SERVICES TAX (GST) SYSTEM The Australian Business Number (ABN) is the identifying number that businesses use when dealing with other businesses. The ABN is
More information7/22/2009. Charitable Institutions. Charitable Funds. PBIs & HPCs
FBT BASICS FOR CHURCHES & CHARITIES Bob Campbell CPA MSW RJ Campbell & Associates 459 Hay Street Perth 0892189922 rjcampbell@campbellsaccountants.com.au FBT Fundamentals The Objective of Salary Packaging
More informationPrivate ancillary funds
Private ancillary funds Your vision Your contribution Your legacy Create a meaningful, philanthropic legacy with an AET private ancillary fund. Do you want to create a personalised, effective and everlasting
More informationABN registration for superannuation entities Use this application to register for an Australian business number (ABN).
BUSINESS SUPERANNUATION ENTITIES INSTRUCTIONS NAT 2944-06.2005 SEGMENT AUDIENCE FORMAT PRODUCT ID ABN registration for superannuation entities Use this application to register for an Australian business
More informationLEGAL ISSUES FACING THE AUSTRALIAN CHURCH IN
LEGAL ISSUES FACING THE AUSTRALIAN CHURCH IN 2013 NEW REGIME AND A NEW REGULATOR BACKGROUND -THE SITUATION BEFORE Incorporated Association Unincorporated Association not incorporated BACKGROUND -THE SITUATION
More informationGST Manual for Schools
GST Manual for Schools Audit Tax Advisory Welcome to the 4 th Edition of the GST Manual for Schools. From the very beginnings of GST in 1999, our office has been integrally involved in the delivery of
More informationFRA NEWS. No.2/2013. In this FRA News, your attention is drawn to the following developments:
FRA NEWS No.2/2013 Welcome to this issue of TNR FRA News. Financial Reporting and Auditing (FRA) News ( FRA News ) provides partners, staff and clients with a heads up of contemporary financial reporting,
More informationThis fact sheet covers:
Legal information for Queensland incorporated associations This fact sheet covers: why an incorporated association would want to change its structure registering as a Registrable Australian Body or incorporating
More informationGuidelines for Ministerial Fringe Benefits
Guidelines for Ministerial Fringe Benefits 2016 1. Introduction 2 1.1 Stipend payment arrangements 2 2. Eligibility 2 3. Payment options 3 4. Approved expenses 4 5. Expenses not allowed from Minister
More informationRe:think tax discussion paper
Submission on the Re:think tax discussion paper Chapter 7: Not-for-profit sector About us Volunteering Australia (VA) 1 is the national peak body for volunteering working to advance volunteering in the
More informationLEGAL STRUCTURES AND THEIR ROLE IN CHURCH LIFE.
LEGAL STRUCTURES AND THEIR ROLE IN CHURCH LIFE. The purpose of this paper is to comment briefly on alternative types of legal structures but with detailed comments about incorporated associations in WA;
More informationCharities Alert. The Hunger Project the most significant case ever on what is a PBI? September The Facts. Introduction.
Charities Alert September 2013 The Hunger Project the most significant case ever on what is a PBI? The Federal Court decision in The Hunger Project Australia v FC of T 2013 ATC 20-399 is probably the most
More informationGuidelines for Ministerial Fringe Benefits
Guidelines for Ministerial Fringe Benefits 2019 Guidelines for Ministerial Fringe Benefits 2019 1 1. Introduction... 2 1.1 Stipend payment arrangements... 2 2. Eligibility... 2 3. Payment options... 3
More informationPublic Ancillary Funds - Requirements
Public Ancillary Funds - Requirements 1 Public Ancillary Funds Public Ancillary Funds (PUFs) are grant making trusts able to receive tax deductible donations from the public. This paper provides information
More informationWelcome to: FNSBKG404 Carry Out Business Activity and Instalment Activity Statement Tasks
Welcome to: FNSBKG404 Carry Out Business Activity and Instalment Activity Statement Tasks Lisa Genna lisa.genna2@tafensw.edu.au Monday Room H G.09-6:00 pm to 9:00 pm 1 Lesson 3 FNSBKG404 Carry Out Business
More informationSubmission to the Senate Standing Committee on Economics. Inquiry into the Disclosure Regimes for Charities and Not-for-profit Organisations
YMCA Australia Submission to the Senate Standing Committee on Economics Inquiry into the Disclosure Regimes for Charities and Not-for-profit Organisations (i) Introduction August 2008 YMCA Australia welcomes
More informationIndividual Tax Time. April Rules against Tax Avoidance. In-house fringe benefits FBT changes
Individual Tax Time April 2013 IN THIS ISSUE Rules against Tax Avoidance Changes to Tax Concessions Provided to Very High Income Earners In-house fringe benefits FBT changes Changes to the Australian Business
More informationGUIDELINES FOR LOCUMS & RELIEVING CLERGY 1
ANGLICAN DIOCESE OF MELBOURNE GUIDELINES FOR LOCUMS & RELIEVING CLERGY 1 (Including Intentional Interim Ministry Locums) INDEX Section 1: Locums for Vacancies, Sick Leave, Long Service Leave pages 2 4
More informationThe Australian Charities and Not-for-profits Commission Act 2012 A guide for charities
The Australian Charities and Not-for-profits Commission Act 2012 A guide for charities The Australian Charities and Not for profits Commission (ACNC) is the centrepiece of a broad range of reforms to the
More informationINFORMATION SHEET AUSTRALIAN CHARITIES AND NOT-FOR-PROFITS COMMISSION
INFORMATION SHEET INFORMATION SHEET AUSTRALIAN CHARITIES AND NOT-FOR-PROFITS COMMISSION This information sheet provides an overview of the Australian Charities and Not-for-profits Commission (ACNC) and
More informationApplying for DGR endorsement
Applying for DGR endorsement Presented by Matt Petersen, NFP Risk Manager NFP Strategy, Australian Taxation Office / 28 July 2016 Co-presented by Matt Crichton, Communications, Australian Charities and
More informationAnglican Diocese of Melbourne
Anglican Diocese of Melbourne Guidelines issued by Archbishop-in-Council for the Remuneration of Parish Clergy and Authorised Stipendiary Lay Ministers Stipend Determination Number 25 Contents Page Executive
More informationSupply Ministry Policy
Title Creation Date 11/08/2014 Version V3 Last Revised 18/07/2016 Approved by SSC Approval date 21-22 Oct 2016 Copyright 2016 Uniting Church Page 1 of 6 PURPOSE To cover supply ministry arrangements for
More informationGST, FBT and Tax Guidelines for Churches
GST, FBT and Tax Guidelines for Churches An overview of some New Zealand taxation provisions, as applying to registered Charities and Churches August 2017 Tax/Topics/ICB GST FBT & Gen Tax guidelines August
More informationTAXWISE. BUSINESS NEWS September Tax Time 2012 ATO Compliance Program
TAXWISE BUSINESS NEWS September 2012 IN THIS ISSUE Tax Time 2012 ATO Compliance Program; Loss Carry-Back for Small Business; Living-Away-From-Home Allowance Changes; Superannuation Changes; Anti-Avoidance
More informationNorthern Beaches College Business Services Apprentice to Business Owner Program (A to B Program) Structure & Legal s;
Structure & Legal s; The four main types of business structures commonly used by small businesses are: Sole trader: an individual trading on their own Partnership: an association of people or entities
More informationPrivate Ancillary Funds A guide
Private Ancillary Funds A guide v.4.2017 Private Ancillary Funds A private ancillary fund (PAF) enables an individual, family or organisation to put aside a chunk of money in a trust to support charities
More informationPresbyterian Church of Australia. in the State of New South Wales. To be completed by The Treasurer
F Presbyterian Church of Australia in the State of New South Wales Financial Return for the Year Ended 31 December 2013 F To be completed by The Treasurer PASTORAL CHARGE PRESBYTERY Contacts: Contacts
More informationGuidelines for employment and the remuneration of ministers
Guidelines for employment and the remuneration of ministers Please note that this guideline has been developed for general use by Baptist Churches in NSW and ACT and may not necessarily be suitable for
More informationTAX REPORT FOR THE YEAR ENDED 30 JUNE Perpetual Limited ABN and its controlled entities
Perpetual Limited ABN 86 000 431 827 and its controlled entities TAX REPORT Page 1 of 10 TAX REPORT FOR THE YEAR END TABLE OF CONTENTS 1. Introduction 3 2. Perpetual Group 3 3. Tax Strategy and Governance
More informationAnglican Church of Australia Diocese of Sydney
Anglican Church of Australia Diocese of Sydney 2 nd Session of the 49 th Synod of the Diocese of Sydney Circular to the Members Contents Page Supplementary Report of the Standing Committee for 2012...
More informationTestamentary charitable trusts
Testamentary charitable trusts Your vision Your contribution Your legacy Create a meaningful, philanthropic legacy by establishing an AET testamentary charitable trust. Do you want to create a significant
More informationSection 2: Remuneration and Benefits
Employment Manual Section 2: Remuneration and Benefits Procedure Employment Manual Section 2: Remuneration and Benefits Creation Date 1 January 2011 Version Last Revised 27 December 2013 reformatted Approved
More informationAsset protection. Nina Brewer, Senior Associate & Miriam Sadler, Lawyer
Asset protection Structuring your church arms maintaining sufficient diversity, accountability and control between entities under the church (Part 2) Nina Brewer, Senior Associate & Miriam Sadler, Lawyer
More informationMaximise year end opportunities and minimise risks
Maximise year end opportunities and minimise risks Key dates Pre 30 June 2014 Actions Review shareholder loan accounts and make minimum loan repayments (may need to declare dividends) Pay all superannuation
More informationAMP Tax Report Message from the Chief Financial Officer. 2. Introduction
AMP Tax Report 2017 1. Message from the Chief Financial Officer Our purpose is to help customers own their tomorrow by helping them take control of their money and achieve their financial goals. Whether
More informationTAX DEDUCTIBLE FUNDS THE OPTIONS AVAILABLE
TAX DEDUCTIBLE FUNDS THE OPTIONS AVAILABLE The Income Tax Assessment Act provides, in Division 30 for many different options that are available for tax-deductible purposes as Deductible Gift Recipient
More informationPart 5: GLOSSARY OF TERMS
Part 5: GLOSSARY OF TERMS ABN Withholding Tax Account Levels Accounts Accounting Equation Accounts List Accounts Payable Accounts Receivable Accounting Period The amount withheld from a supplier who provides
More informationINSTALMENT ACTIVITY STATEMENTS (IAS)
Chapter 5: BAS & IAS INSTALMENT ACTIVITY STATEMENTS (IAS) What is an Instalment Activity Statement? Individual taxpayers, trustees with business income, and businesses not registered for use the Instalment
More information2nd largest corporate income taxpayer in Australia 1. Over AUD$4 billion in taxes paid worldwide in % effective tax rate for 2017
The Westpac Group s 2017 Tax Transparency Report 2nd largest corporate income taxpayer in Australia 1 Over AUD$4 billion in taxes paid worldwide in 2017 30.6% effective tax rate for 2017 Executive Summary
More informationRECEIPTS AND PAYMENTS
RECEIPTS AND PAYMENTS RECEIPTS MISION & MINISTRY RECEIPTS I-1 General Offerings Offerings from church services in loose form, pledged envelopes, electronic funds transfer and direct debit. I-2 Retiring
More informationGST for small business
Guide for small business GST for small business For more information visit www.ato.gov.au NAT 3014 05.2012 OUR COMMITMENT TO YOU We are committed to providing you with accurate, consistent and clear information
More informationAbout new super New Super Australia Pty Ltd ABN BRISBANE OFFICE Address Level Creek Street Brisbane Qld 4000 Postal GPO Box 419
new super Australian Superannuation and Pension Specialists Fund Establishments SMSF Accounting Pension Management Fixed Pricing Australia wide About new super New Super Australia Pty Ltd ABN 57 116 789
More informationTax Deductible Gift Recipient Reform Opportunities - Discussion Paper Submission by Arts Law Centre of Australia
JXQ\JXQ\60945957\1 1 August 2017 Senior Adviser Individuals and Indirect Tax Division The Treasury Langton Crescent PARKES ACT 2600 By email DGR@treasury.gov.au Dear Sir/Madam Tax Deductible Gift Recipient
More informationAlternate streams of income for the modern church
Alternate streams of income for the modern church (ACC Webinar) Andrew Lind, Director 16 March 2017 This presentation is information only not legal advice Corney & Lind Lawyers Pty Ltd Page 1 Introduction
More informationAMP Tax Report Message from the Chief Financial Officer. 2. Introduction
AMP Tax Report 2016 1. Message from the Chief Financial Officer Our purpose is to help customers own their tomorrow by helping them take control of their money and achieve their financial goals. Whether
More information... for individuals, their superannuation and their businesses.
tax facts 2017... ... for individuals, their superannuation and their businesses. For individuals 1.1 Income tax rates 1.2 Medicare levy surcharge 1.3 Low income tax offset 1.4 Tax discount for unincorporated
More informationTax basics for small business
Guide for small business operators Tax basics for small business Information about your tax obligations and entitlements. For more information visit www.ato.gov.au NAT 1908-08.2010 OUR COMMITMENT TO YOU
More informationTestamentary charitable trusts
Testamentary charitable trusts Your vision Your contribution Your legacy Create a meaningful, philanthropic legacy by establishing an AET testamentary charitable trust. Do you want to create a significant
More informationIncome Tax Basics 2012 Day 2. Overview...1
Contents Overview...1 1. The self-assessment system...1 1.1 Periods of review...2 2. Preparing the business return...3 2.1 Accounting records vs. tax records...3 2.2 Process for completing the business
More informationAttribution Managed Investment Trust Member Annual (AMMA) Statement Guide 2018
Attribution Managed Investment Trust Member Annual (AMMA) Statement Guide 2018 This guide is designed to help you understand your Fidante Partners AMMA statement and assist you with completing your 2018
More informationIncome Tax Basics 2008 Day 2
Introduction...1 1. What is the aim and structure of this seminar?...1 2. The self-assessment system...1 2.1 Complexity of returns has increased...2 3. Introduction to completing the business return...2
More informationApproved by: Diocesan Council 23 November 2016
POLICY No. 10.2 CLERGY AND LAY MINISTRY REMUNERATION PACKAGING Approved by: Diocesan Council 23 November 2016 1 OBJECTIVE The objectives in establishing this policy for clergy and Lay Ministry Workers
More informationBUSINESS TAX TIPS SUPERSTREAM PAYG PAYMENT SUMMARIES. June 2016 AUDIT INSURANCE
June 2016 AUDIT INSURANCE Did you know that you can get insurance to cover you for a range of audits, including income tax, GST, payroll tax and worker s compensation? We can arrange a quote for you. The
More informationIMPORTANT REFERENCE CONTACT DETAILS
IMPORTANT REFERENCE CONTACT DETAILS Australian Taxation Office (ATO) Unless otherwise specified, all phone numbers listed here are available from 8.00am to 6.00pm, days, except public holidays. When you
More informationTaxWise Business News September 2018
TaxWise Business News September 2018 It s tax time 2018! What you need to know about the key changes It s that time of year again tax return time! Before you complete your tax return for 2018, here are
More informationFoundation Perpetuity Trust ABN
Foundation Perpetuity Trust ABN 23 002 494 198 Financial Statements for the period 1 July 2014 to 30 June 2015 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Continuing operations Note 2015
More informationTax Guide This guide is designed to help you understand your Fidante Partners tax statement and assist you with completing your 2018 Tax Return
Tax Guide 2018 This guide is designed to help you understand your Fidante Partners tax statement and assist you with completing your 2018 Tax Return Fidante Partners Limited (ABN 94 002 835 592) (AFSL
More informationTaxation is a key component of the overall skills base of today's professional accountant.
ADVANCED TAXATION CPA PROGRAM SUBJECT OUTLINE Study guide: Third edition Taxation is a key component of the overall skills base of today's professional accountant. Business leaders appreciate that there
More informationClearView Managed Investments
ClearView Managed Investments Individual Tax Return Instructions Help Guide 2018 This tax guide will help you to complete your tax return using your ClearView Managed Investments Annual Tax Statement for
More informationCERTIFICATE IV. FNSTPB401 Complete business activity and instalment activity statements USER GUIDE. sample for review
CERTIFICATE IV FNSTPB401 Complete business activity and instalment activity statements USER GUIDE All Rights Reserved Copyright 2018 OfficeLink Learning Version 18.6 Xero No part of the contents of this
More informationGST Guide for the Catholic Church. Australia. GST Guide for the Catholic Church -
i GST Guide for the Catholic Church i ii Acknowledgment Catholic Bishop n Conference n Conference of Leaders of Religious Institutes The costs associated with the development of the materials set out in
More information2015 Year-end tax planning & Obligations
2015 Year-end tax planning & Obligations Key dates Pre 30 June 2015 Actions Review shareholder loan accounts and make minimum loan repayments (may need to declare dividends) Pay all superannuation obligations
More informationTax basics. Tax basics for business operators. The basics:
Main topics - Tax basics - How tax works for different business structures - Summary of business taxes and payments - Claiming deductions for business expenses - Why keep good business records? - Contacts
More informationNot-for-profit financial reporting and tax update. February 2018
Not-for-profit financial reporting and tax update February 2018 Not-for-profit update financial reporting Financial reporting for Not-for-Profits (NFP entities) continues to be an area of focus for the
More informationForget Facebook: is your data safe? EU General Data Protection Regulation
ISSUE 21 SPRING 2018 Highlights Registration as a community housing provider with the National Regulatory System for Community Housing 2 A new NDIS Quality and Safeguards Commission 4 Draft ruling on the
More informationGUIDE TO YOUR TAX STATEMENT FY2016/17. Daintree Capital Guide to your tax statement
GUIDE TO YOUR TAX STATEMENT FY2016/17 1 ABOUT THIS GUIDE If you have an investment in the Daintree Core Income Trust you can use this guide to help you complete your Individual tax return 2017 (tax return).
More informationANGLICAN DIOCESE OF MELBOURNE
Background ANGLICAN DIOCESE OF MELBOURNE This policy governs the internal controls placed upon parishes and other entities in the Diocese that wish to avail themselves of the Australian Tax Office (ATO)
More informationCompany tax return instructions 2010
Instructions for companies Company tax return instructions 2010 To help you complete the company tax return for 1 July 2009 30 June 2010 For more information visit www.ato.gov.au NAT 0669-6.2010 OUR COMMITMENT
More informationMiranda Stewart Melbourne Law School
Miranda Stewart Melbourne Law School www.atns.net.au Overview What is native title? Types of native title agreements Why are there tax issues? Income tax Are native title payments assessable income? Bill
More informationFringe Benefits Tax. History
Fringe Benefits Tax Fringe benefits tax is a tax paid on certain benefits employers provide to their employees or their employee s associates (typically family members). FBT is separate from income tax
More informationn Print clearly, using a BLACK pen only. n Place X in ALL applicable boxes.
Self-managed superannuation fund annual return 2013 WHO SHOULD COMPLETE THIS ANNUAL RETURN? Only self-managed superannuation funds (SMSFs) can complete this annual return All other funds must complete
More informationWhat s new. An explanation of key changes that may affect your business. Insight Business Partners Pty Ltd Level 1, 1109 Hay Street West Perth WA 6005
What s new An explanation of key changes that may affect your business Insight Business Partners Pty Ltd Level 1, 1109 Hay Street West Perth WA 6005 P +61 (08) 6315 2700 F +61 (08) 6315 2741 E perth.ap@rocg.com
More informationDECEMBER 2015 BUSINESS NEWSLETTER
DECEMBER 2015 BUSINESS NEWSLETTER Example industries include; Exploration and Mining; Manufacturing; Education; Building and Construction; Offshore Oil and Gas Support Services; Retail and Hospitality;
More informationAcknowledgements: Disclaimer:
Supported by Private Ancillary Funds (or as they are commonly referred to PAFs) have become a prime vehicle for individual and family philanthropy; but they are relatively new having only been introduced
More informationForeign resident capital gains withholding clearance certificate application
Foreign resident capital gains withholding clearance certificate application Completing this form print clearly in BLOCK LETTERS using a black or dark blue pen only fields marked with an asterisk (*) are
More informationAlternate streams of income for the modern church
Alternate streams of income for the modern church (QB Webinar) Andrew Lind, Director March 2017 This presentation is information only not legal advice Corney & Lind Lawyers Pty Ltd Page 1 Introduction
More informationIncome Tax Basics 2007 Day 2. Introduction...1
Introduction...1 1. What is the aim and structure of this seminar?...1 2. The self-assessment system...1 2.1 Complexity of returns has increased...2 3. Introduction to completing the business return...2
More informationSpecial Purpose Financial Report
Special Purpose Financial Report For the year ended CONTENTS Directors report 3 Auditor s independence declaration 4 Financial statements and notes 5 Statement by the Directors 16 Independent Auditor s
More informationTax Time Monthly MARCH ISSUE INCOME TAX... pg 3. 2 SUPERANNUATION... pg 5
Tax Time Monthly MARCH ISSUE 2018 1 INCOME TAX... pg 3 1.1 CGT small business concessions: restricted to assets used in business draft legislation released 1.2 Amendments to consolidation regime to close
More informationTaxwise Business News
Taxwise Business News In this Issue... FBT changes: salary packaged meal and other entertainment benefits Other FBT updates Car expense substantiation methods simplified Superannuation rates and thresholds
More informationTaxWise. Business News February Focus on small business. What the ATO is seeing in the small business market. To do!
TaxWise Business News February 2019 Focus on small business What the ATO is seeing in the small business market On 2 November 2018, the Deputy Commissioner of Small Business, Deborah Jenkins, delivered
More information