#9 – COVID 19: Emerging Challenges in Year End Preparation & Audits Every year around this time, CMDS is very busy assisting organisations to finalise their financial records and prepare their annual financial statements for audit as the financial year … Continue reading →
#8 – COVID 19: Revised Budgets & Cash Flow Forecasts COVID 19 and our response to it has brought about massive changes in so many ways. The lockdown has directly affected the way we work, and the activities we are … Continue reading →
#7 – COVID 19: Funding & reserves We continue to think about the impact of COVID19 on non-profit organisations, especially the financial implications. Here are our latest thoughts on funding and reserves, and some recommendations to help. IMPACT ON REVENUE … Continue reading →
#6 – COVID 19: New Concessions On 21 April, President Ramaphosa announced a number of extensions and additional concessions. The following may be relevant to non-profit organisations and social enterprises. MONTHLY VAT REFUNDS A number of non-profit organisations, particularly welfare … Continue reading →
#5 – COVID 19 – Existing UIF benefits for contributing employers and employees The Unemployment Insurance Fund (UIF) has always provided for a level of protection to employees and the unemployed. Aside from the new COVID TERS benefit through UIF … Continue reading →
#4 – COVID 19: Support for Employees – UIF & TERS More often than not, salaries or staff costs are the highest expenditure line item for non-profit organisations.Right now, organisations may find themselves struggling to pay salaries and may be … Continue reading →
#3 – COVID 19: Difficult financial decisions While certain organisations are finding opportunities to extend their work during the lockdown, some non-profits are experiencing serious cash flow difficulties, particularly those that generate income through activities that they are no longer … Continue reading →
#2 -COVID 19: Tax Relief Measures – available to NPO’s? The government has promised various relief measures announced on 29th March 2020 in a media statement and draft explanatory notes issued by the National Treasury. The relief is offered to … Continue reading →
# 1 – COVID-19: Scam Warning At a time like this it is sickening, but not surprising, to hear that fraudsters are trying to take advantage of the current situation to steal from non-profit organisations, through posting on social media … Continue reading →
COVID-19: resources for Non-Profits This unprecedented situation of total lockdown in efforts to flatten the curve of the Coronavirus pandemic is having a huge impact on every aspect of life. Not only is our health under threat but also our … Continue reading →