Barry Baker and Jadene Windley of Grant Thornton have recently published a blog with the above title on this very topical subject. The article starts: “New regulations are changing how some incorporated societies report their finances. The Incorporated Societies Act 2022 replaces the 1908 Act, marking the first major overhaul Read more
Sue Barker, charity specialist lawyer, has drawn our attention to the latest Law Down Under Podcast which discusses all things charities law. With the Government going back to the drawing board following its February issues paper on taxing charities, charities now have, in Sue Barker’s opinion, such an important opportunity Read more
We have learned of a new initiative from the South Canterbury Chamber of Commerce that may be of interest to Not-for-Profit organisations in South Canterbury. Supported by The Pub Charity Limited, the NFP Hub @ The Chamber – a dedicated workspace and meeting room, are offered completely free for local Not-for-Profit organisations to use. Whether they need a quiet desk for admin, a private Read more
A new blog post from Grant Thornton asks “Is it taxable?” If you’re a business, the answer is usually clear. The rules around calculating a company’s taxable income are well established. But what if you’re a mutual association – a resident’s association, membership organisation or industry group (among others)? Contents Read more
The NZ Book of Governance NFP Resource has learned of a NZ-focused book on not-for-profit governance. “Getting to Grips with Not-for-Profit Governance”. It’s about effective governance, offering practical guidance for NZ board and committee members. Endorsed by the Institute of Directors, and tailored to the NZ Incorporated Societies Act 2022, Read more
We are grateful to our friends at GRANT THORNTON NEW ZEALAND who have alerted us to an IRD discussion document which could potentially have major ramifications for a wide variety of “mutual associations” including incorporated societies that are not also registered NZ charities. -o0o- Inland Revenue has just released a Read more
An article in the UK press recently caught our attention, aligning as it did with comment in an earlier article on this site. The headline stated: “Charities at risk due to donors’ reluctance to cover ‘unexciting’ running costs.” Suspecting this to be the case in NZ, we searched online to Read more
This is an ongoing matter of significant interest to the ‘For-purpose’ community. Updates will be posted here as they occur. UPDATES: ________________________________________ o0o ________________________________________Original Post: Reports in various media outlets suggest that approximately $2 billion in ‘profits’ within New Zealand’s charitable sector is not subject to tax, and the Finance Read more
A British podcast tells the story of the legendary fundraising efforts of Captain Sir Tom Moore and what follows. The podcast (42 minutes including promotions) contains lessons for those starting and running non-profit organisations and, indeed, lessons for donors: “When Britain entered its first Covid-19 lockdown in March 2020, many Read more
Question: I am a registered NZ non-profit. What do I have to do to maintain my legal status? Answer: You have not stated the specific form your non-profit takes, but in general, non-profit organisations in New Zealand must adhere to certain legal and regulatory obligations to maintain their registration with Read more
The Gift Trust recently published a blog post with the above title. “There are plenty of myths and misconceptions about ‘fundholding’ – a growing way of reducing the hoops community groups have to jump through to receive funding. As many of us who donate to good causes or who work Read more
Gift Collective is a charity fundholding service. Fundholding is where a project sits under the umbrella of an existing entity so that it doesn’t have to set up its own infrastructure. It’s also called fiscal sponsorship, fiscal hosting, or auspicing. Funding is then received by the umbrella organisation to be Read more