Charities Services DIA (formerly Charities Commission) advise that from 1 July 2014 an Annual Return will no longer be complete until payment is received. The easiest way to ensure a smooth process is to file online and pay online. This Read more…
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? 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 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 Read more…
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 Read more…
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 Read more…
The key phrase here is ‘donee status’ if you are searching the IRD website.