Administration
Can you define non-profit, a not for profit organisation, or a charity – what’s the difference?
This post has been updated and moved to here
Administration
Cloud Computing and Charities
We are thinking of using Cloud Computing services – including accounting software – but are concerned about privacy issues as we will be putting our donor database into the cloud. Do you have any advice for charities in this respect? Many charities that use, or have used, personal computers for Read more…
Administration
IRD advice: Honoraria and taxing payments to volunteers
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 >
Audits and Finance
Sample Board Report for Hon.Treasurer
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…
Administration
Fringe Benefit Tax and Charities
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…
Tax Matters
IRD rules on donations
In August 2011 the Charities Commission (now DIA Charities Services) issued this note: Inland Revenue has published a “Revenue Alert” highlighting their concerns that some people are claiming tax credits for “donations” where there may not have been a true gift of money to a charity. The arrangements that have Read more…
Donee Organisations
How do I register my organisation so that donations are eligible for tax credits?
You need to be registered as a ‘donee organisation’ with IRD. If, when applying for registration as a NZ Registered Charity, you indicated that funding would include donations/koha then this will be automatic once registered. IRD will not specifically advise you of this, but your organisation will appear in the IRD Read more…
Donee Organisations
Where can I find out if a charity is registered with the NZ Inland Revenue Department to accept receipts which are eligible for tax deduction purposes?
The key phrase here is ‘donee status’ if you are searching the IRD website.