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Courses/Accounting & Tax/Not-For-Profit Accounting

New Tax Return Requirements for Not-for-Profits in Australia

Navigate the New ATO Tax Return Requirements for Australia’s Not-for-Profit Sector

Created byProAccount Academy
4.8
(67 reviews)
BeginnerUpdated Jun 27, 2024
New Tax Return Requirements for Not-for-Profits in Australia

What You'll Learn

check_circleExplain the new ATO requirement for not-for-profits to lodge annual tax returns and its implications.
check_circleIdentify the compliance and lodgement process for NFPs, including key areas of focus.
check_circleAnalyze the differential impacts of the new requirement on registered charities and self-assessed tax-exempt NFPs.
check_circleDescribe the ATO's approach to compliance and the support mechanisms available for NFPs.
check_circleDevelop strategies for ensuring ongoing compliance and maintaining income tax-exempt status for NFPs.

About This Course

This course, "New Tax Return Requirements for Not-for-Profits in Australia," is designed to prepare not-for-profit organizations for the upcoming Australian Taxation Office (ATO) requirement to lodge annual tax returns. Effective from July 1, 2024, this new mandate affects approximately 150,000 NFPs that currently self-assess their income tax-exempt status. Participants will gain a comprehensive understanding of the new ATO requirement, the compliance and lodgement process, and the specific impacts on different types of not-for-profits. The course will cover:

  • Detailed guidance on the new ATO requirement for NFPs to lodge tax returns.
  • Step-by-step instructions for compliance and the lodgement process.
  • Analysis of the impacts on registered charities versus self-assessed income tax-exempt organizations.
  • ATO's approach to compliance and support mechanisms for NFPs.
  • Strategies for ongoing compliance and regular review of income tax-exempt status.

By the end of the course, not-for-profit leaders will be equipped with the knowledge and tools necessary to navigate this significant regulatory change confidently.

Your Instructors

ProAccount Academy
ProAccount Academy
menu_book69 courses
star4,366 reviews

ProAccount Academy is dedicated to providing top-notch professional development courses for accounting professionals across Australia and the rest of the world!  The academy offers a robust library of over 150 courses, featuring more than 8,000 video tutorials that cover a wide range of accounting and financial topics. Our curriculum covers a broad spectrum of accounting topics, ensuring that our participants stay current with industry trends and regulatory changes. We pride ourselves on delivering practical and interactive learning experiences led by industry experts. ProAccount Academy is committed to helping accountants achieve their professional goals and advance their careers.

Eleanor  Harris
Eleanor Harris

Senior Lecturer in Nonprofit Management

Dr. Eleanor Harris has over 15 years of experience working with not-for-profit organizations, specializing in governance, compliance, and strategic management. Dr. Harris has published numerous articles on nonprofit governance and is a sought-after speaker at international conferences.

Credit Information

What Students Are Saying

4.8
Student's Choice
67 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.