Charities Services has produced three short videos about the new reporting standards for Tier 4 charities — that is, charities with annual operating payments under $125,000. The videos are based on workshops that began in early March and which will run until early June to help registered charities understand how to apply Read more…
IRD advice on Honoraria and taxing payments to volunteers has been updated. Includes reimbursement of volunteers for expenses, mileage and honoraria. < Go to IRD website > < See also: Fringe Benefit Tax and Charities >
I’ve just become a Treasurer for a small group. Can you advise on what I should include in a Board report? Westpac (Australia) have produced a helpsheet which provides a number of hints. <details> It is often helpful to circulate the report with Board papers before the meeting as this Read more…
If you provide vouchers or short term charge facilities to your employees, from 1 April 2014 the rules on FBT are changing. Charities will no linger be exempt when the total value of the benefit (eg petrol vouchers, pre-loaded credit cards etc) exceeds the lower of 5% of the employee Read more…