Section18A Audit Certificate You will know that section 18A of the Income Tax Act (“the Act”) enables South African taxpayers to deduct, from their taxable income, donations made to an approved public benefit organisation (“approved PBO”), if that donation is … Continue reading →
Funding – the top ten deadly sins! In 30 years of working with donor-funded organisations, we have been witness to many practices and shortcomings in relation to funding that have had a negative effect on the organisation concerned. Based on … Continue reading →
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 →
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 →