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 →
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 →
Financial Sustainability Presentation … Continue reading →
Can we trust the bank? Imagine the shock of finding that two additional and unknown names have been added to the signatories on the organisation’s bank account! Recently, one of our clients discovered, through the annual audit checks, that this … Continue reading →
Protecting the rights of care workers As we commemorate World AIDS Day, we stand together with the 78 million people who have become infected with HIV and remember the 35 million who have died from AIDS-related illnesses since the first … Continue reading →
Financial risks for NPOs Every organisation faces uncertainty around future events that could threaten its ability to accomplish its mission and vision. Every organisation must also innovate and be creative to succeed; without taking risks, an organisation will wither and … Continue reading →