IMPORTANT CHANGES & REMINDER: UIF, BUSINESS TRAVEL REIMBURSEMENTS & COIDA SUBMISSION Foreign Nationals and UIF Does your organisation employ a foreign national? Our experience is that many nonprofit organisations do employ the services of foreign nationals, whether on fixed terms … Continue reading →
At CMDS, we are delighted that Cathy and Paul have co-authored the book Practical Financial Management for Nonprofits, edited by Nicole Copley and published by Juta & Company (Pty) Ltd. It summarises many of CMDS’ recommended practices, and even a … Continue reading →
Income tax Most nonprofits host fundraising events from time to time, from simple cake sales through to elaborate golf days. However, they may not have considered possible VAT, Section 18A and other income tax implications. Nonprofits do not automatically enjoy … Continue reading →
Part 2/3 – Fundraising events – are there tax implications? Section 18A Most nonprofits host fundraising events from time to time, from simple cake sales through to elaborate golf days. However, they may not have considered possible VAT, Section 18A and … Continue reading →
At the recent ThinkGood 2017 event, coordinated by CMDS on behalf of the Service Providers’ Network, we talked on this important topic. Most non profits host fundraising events from time to time, from simple cake sales through to elaborate golf … Continue reading →
Choppy Waters or Plain Sailing? For those embarking on their maiden voyage in the non-profit sector, and for seasoned sailors, the regulatory framework for nonprofit organisations can be intimidating and confusing. Our message, as consultants to the sector, is that … Continue reading →
On Wednesday 11 May, the DPME shared the findings of an implementation evaluation of the NPO regulatory system at a dialogue meeting with a small group of NPO leaders in Cape Town. One of the striking findings was the multiple … Continue reading →
Section 18A – is it fully understood? Depending on their activities, public benefit organisations (“PBO’s”), as well as certain institutions and Government departments, can apply to SARS for approval in terms of Section 18A of the Income Tax Act. If … Continue reading →
How time flies – celebrating 50 years! It was 30 years ago that Cathy Masters, after completing articles and qualifying as a Chartered Accountant (“CA”), left the corporate world and began working exclusively in and for the non-profit sector in South … Continue reading →
It has surprised us how often staff, or governing body, members of non-profit organisations (“NPO’s”) have not been able to tell us which legal structure their organisation is established as – “we are an NPO” they insist! The Nonprofit Organisations … Continue reading →