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  • exempt
    Crescent PARKES ACT 2600 by 17 December 2012 Important issues for discussion in the paper include the criteria for and appropriateness of income tax exemption entitlements the types of nonprofits that should be entitled to refunds of franking credits whether the Australian Taxation Office should be able to give endorsements of entities that are nonprofits other than charities whether entities that are deductible gift recipients DGRs should be able to use DGR funds to fund religious child care and primary and secondary education activities whether a fixed tax offset would be better than the current endorsement process whether there are additional barriers to charitable giving experienced by companies and company foundations the criteria that should determine an entity s eligibility to provide exempt benefits to its employees whether eligible employers should have to deny the Fringe Benefit Tax concessions to employees claiming the same from other employers whether GST concessions should continue to apply for eligible nonprofit entities whether the gaming catering entertainment and hospitality activities of nonprofit clubs and societies should be subject to a concessional rate of income tax instead of being exempt and whether an anti avoidance rule is necessary to prevent improper exploitation of the mutuality principle The paper comes at a time when charities and nonprofits are just recovering from news that it will be governed by a new charities regulator We have posted a blog about this issue earlier this year If charities and nonprofits wish to have assistance with writing their submissions to the paper they should contact Kylie by email or on her mobile phone on 61 405 124 975 Filed Under Charities Nonprofits Tagged With charities concession DGR exempt exemption FBT GST nonprofits not for profits reform tax Leave a Comment Office 61 2 9889 2881 Mobile 61 405 124 975

    Original URL path: http://www.kyliemaxwell.com.au/tag/exempt/ (2014-01-05)
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  • exemption
    Crescent PARKES ACT 2600 by 17 December 2012 Important issues for discussion in the paper include the criteria for and appropriateness of income tax exemption entitlements the types of nonprofits that should be entitled to refunds of franking credits whether the Australian Taxation Office should be able to give endorsements of entities that are nonprofits other than charities whether entities that are deductible gift recipients DGRs should be able to use DGR funds to fund religious child care and primary and secondary education activities whether a fixed tax offset would be better than the current endorsement process whether there are additional barriers to charitable giving experienced by companies and company foundations the criteria that should determine an entity s eligibility to provide exempt benefits to its employees whether eligible employers should have to deny the Fringe Benefit Tax concessions to employees claiming the same from other employers whether GST concessions should continue to apply for eligible nonprofit entities whether the gaming catering entertainment and hospitality activities of nonprofit clubs and societies should be subject to a concessional rate of income tax instead of being exempt and whether an anti avoidance rule is necessary to prevent improper exploitation of the mutuality principle The paper comes at a time when charities and nonprofits are just recovering from news that it will be governed by a new charities regulator We have posted a blog about this issue earlier this year If charities and nonprofits wish to have assistance with writing their submissions to the paper they should contact Kylie by email or on her mobile phone on 61 405 124 975 Filed Under Charities Nonprofits Tagged With charities concession DGR exempt exemption FBT GST nonprofits not for profits reform tax Leave a Comment Office 61 2 9889 2881 Mobile 61 405 124 975

    Original URL path: http://www.kyliemaxwell.com.au/tag/exemption/ (2014-01-05)
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  • FBT
    Crescent PARKES ACT 2600 by 17 December 2012 Important issues for discussion in the paper include the criteria for and appropriateness of income tax exemption entitlements the types of nonprofits that should be entitled to refunds of franking credits whether the Australian Taxation Office should be able to give endorsements of entities that are nonprofits other than charities whether entities that are deductible gift recipients DGRs should be able to use DGR funds to fund religious child care and primary and secondary education activities whether a fixed tax offset would be better than the current endorsement process whether there are additional barriers to charitable giving experienced by companies and company foundations the criteria that should determine an entity s eligibility to provide exempt benefits to its employees whether eligible employers should have to deny the Fringe Benefit Tax concessions to employees claiming the same from other employers whether GST concessions should continue to apply for eligible nonprofit entities whether the gaming catering entertainment and hospitality activities of nonprofit clubs and societies should be subject to a concessional rate of income tax instead of being exempt and whether an anti avoidance rule is necessary to prevent improper exploitation of the mutuality principle The paper comes at a time when charities and nonprofits are just recovering from news that it will be governed by a new charities regulator We have posted a blog about this issue earlier this year If charities and nonprofits wish to have assistance with writing their submissions to the paper they should contact Kylie by email or on her mobile phone on 61 405 124 975 Filed Under Charities Nonprofits Tagged With charities concession DGR exempt exemption FBT GST nonprofits not for profits reform tax Leave a Comment Office 61 2 9889 2881 Mobile 61 405 124 975

    Original URL path: http://www.kyliemaxwell.com.au/tag/fbt/ (2014-01-05)
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  • GST
    Crescent PARKES ACT 2600 by 17 December 2012 Important issues for discussion in the paper include the criteria for and appropriateness of income tax exemption entitlements the types of nonprofits that should be entitled to refunds of franking credits whether the Australian Taxation Office should be able to give endorsements of entities that are nonprofits other than charities whether entities that are deductible gift recipients DGRs should be able to use DGR funds to fund religious child care and primary and secondary education activities whether a fixed tax offset would be better than the current endorsement process whether there are additional barriers to charitable giving experienced by companies and company foundations the criteria that should determine an entity s eligibility to provide exempt benefits to its employees whether eligible employers should have to deny the Fringe Benefit Tax concessions to employees claiming the same from other employers whether GST concessions should continue to apply for eligible nonprofit entities whether the gaming catering entertainment and hospitality activities of nonprofit clubs and societies should be subject to a concessional rate of income tax instead of being exempt and whether an anti avoidance rule is necessary to prevent improper exploitation of the mutuality principle The paper comes at a time when charities and nonprofits are just recovering from news that it will be governed by a new charities regulator We have posted a blog about this issue earlier this year If charities and nonprofits wish to have assistance with writing their submissions to the paper they should contact Kylie by email or on her mobile phone on 61 405 124 975 Filed Under Charities Nonprofits Tagged With charities concession DGR exempt exemption FBT GST nonprofits not for profits reform tax Leave a Comment Office 61 2 9889 2881 Mobile 61 405 124 975

    Original URL path: http://www.kyliemaxwell.com.au/tag/gst/ (2014-01-05)
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  • nonprofits
    for profits Commission Bill 2012 the ACNC Bill and the Australian Charities Not for profits Commission Consequential and Transitional Bill 2012 together the Bills have passed through the House of Representatives and are expected to be passed by the Senate sometime after 9 October 2012 This puts the start date of the ACNC beyond the government s planned date of 1 October 2012 The Bills propose that charities will be regulated by a new independent statutory body with powers to register investigate educate monitor and administer sanctions against charities and later nonprofits in a way unprecedented in Australia The Bills suggest a new reporting framework for charities on a three tiered structure with annual information statements as well as financial reports having to be provided to the ACNC for some from July next year Financial reports shall only be required to be lodged by those entities that are registered with the ACNC and fall into the medium or large entity categories Medium entities shall have to have such reports reviewed and large entities shall have to have such reports audited The Bill also allows the ACNC to require an additional report from a charity that is under the ACNC s scrutiny i In an effort to carve out a special arrangement for religious bodies the ACNC Bill gives a basic religious charity the opportunity to avoid lodging an annual financial report ii However the definition of basic religious charity expressly excludes corporations registered under the Corporations Act 2001 and under some indigenous and Territory legislation iii as well as incorporated associations formed under any of the applicable State and Territory legislation The ACNC Bill specifies that information will be made available to the public via the internet for each charity registered with the ACNC which will include among other things information and financial statements warnings issued by the Commissioner of the ACNC directions issued by the Commissioner undertakings given by the registered charity injunctions or interim injunctions made under Division 95 and suspensions or removals from the charities register iv Practitioners will have to keep in mind the details of section 40 10 of the ACNC Bill That section details the circumstances in which the Commissioner may withhold or remove from the public register the abovementioned information Those circumstances include where the information is commercially sensitive and has the potential to cause detriment to the registered charity or to an individual to which the information relates where the information is inaccurate likely to cause confusion or mislead the public where the information is likely to offend a reasonable individual if the information would endanger public safety or the regulations provide a reason why it should be withheld or removed The Commissioner of the ACNC will if the ACNC Bill is passed have powers to issue warning notices issue directions enter into enforceable undertakings apply to the courts for injunctions suspend or remove responsible entities and appoint acting responsible entities If you wish to discuss where the government is taking us

    Original URL path: http://www.kyliemaxwell.com.au/tag/nonprofits/ (2014-01-05)
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  • not-for-profits
    Under Charities Nonprofits Tagged With charities concession DGR exempt exemption FBT GST nonprofits not for profits reform tax Leave a Comment admin November 9 2012 ACNC A New Era of Charities and Nonprofits Regulation Charities and nonprofits have been reeling with the news parliament s announcement of a new regulator the Australian Charities Not for profits Commission ACNC which is due to commence as soon as legislation has been given Royal Assent We blogged on this topic in September when the Bills introducing the ACNC and the new form of regulation had just been considered by parliamentary committees However some changes to the Bills occurred in the Senate This is the subject of our video on the ACNC which you will see below Filed Under Charities Nonprofits Tagged With ACNC Bills charities legislation nonprofits not for profits regulation regulator Senate 1 Comment admin September 25 2012 Australian charity commission New regulator for charities sector imminent At the time of writing there are two bills before the Senate that will if passed change the way the charities sector is regulated The Australian Charities and Not for profits Commission Bill 2012 the ACNC Bill and the Australian Charities Not for profits Commission Consequential and Transitional Bill 2012 together the Bills have passed through the House of Representatives and are expected to be passed by the Senate sometime after 9 October 2012 This puts the start date of the ACNC beyond the government s planned date of 1 October 2012 The Bills propose that charities will be regulated by a new independent statutory body with powers to register investigate educate monitor and administer sanctions against charities and later nonprofits in a way unprecedented in Australia The Bills suggest a new reporting framework for charities on a three tiered structure with annual information statements as well as financial reports having to be provided to the ACNC for some from July next year Financial reports shall only be required to be lodged by those entities that are registered with the ACNC and fall into the medium or large entity categories Medium entities shall have to have such reports reviewed and large entities shall have to have such reports audited The Bill also allows the ACNC to require an additional report from a charity that is under the ACNC s scrutiny i In an effort to carve out a special arrangement for religious bodies the ACNC Bill gives a basic religious charity the opportunity to avoid lodging an annual financial report ii However the definition of basic religious charity expressly excludes corporations registered under the Corporations Act 2001 and under some indigenous and Territory legislation iii as well as incorporated associations formed under any of the applicable State and Territory legislation The ACNC Bill specifies that information will be made available to the public via the internet for each charity registered with the ACNC which will include among other things information and financial statements warnings issued by the Commissioner of the ACNC directions issued by the

    Original URL path: http://www.kyliemaxwell.com.au/tag/not-for-profits/ (2014-01-05)
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  • reform
    Crescent PARKES ACT 2600 by 17 December 2012 Important issues for discussion in the paper include the criteria for and appropriateness of income tax exemption entitlements the types of nonprofits that should be entitled to refunds of franking credits whether the Australian Taxation Office should be able to give endorsements of entities that are nonprofits other than charities whether entities that are deductible gift recipients DGRs should be able to use DGR funds to fund religious child care and primary and secondary education activities whether a fixed tax offset would be better than the current endorsement process whether there are additional barriers to charitable giving experienced by companies and company foundations the criteria that should determine an entity s eligibility to provide exempt benefits to its employees whether eligible employers should have to deny the Fringe Benefit Tax concessions to employees claiming the same from other employers whether GST concessions should continue to apply for eligible nonprofit entities whether the gaming catering entertainment and hospitality activities of nonprofit clubs and societies should be subject to a concessional rate of income tax instead of being exempt and whether an anti avoidance rule is necessary to prevent improper exploitation of the mutuality principle The paper comes at a time when charities and nonprofits are just recovering from news that it will be governed by a new charities regulator We have posted a blog about this issue earlier this year If charities and nonprofits wish to have assistance with writing their submissions to the paper they should contact Kylie by email or on her mobile phone on 61 405 124 975 Filed Under Charities Nonprofits Tagged With charities concession DGR exempt exemption FBT GST nonprofits not for profits reform tax Leave a Comment Office 61 2 9889 2881 Mobile 61 405 124 975

    Original URL path: http://www.kyliemaxwell.com.au/tag/reform/ (2014-01-05)
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  • tax
    Crescent PARKES ACT 2600 by 17 December 2012 Important issues for discussion in the paper include the criteria for and appropriateness of income tax exemption entitlements the types of nonprofits that should be entitled to refunds of franking credits whether the Australian Taxation Office should be able to give endorsements of entities that are nonprofits other than charities whether entities that are deductible gift recipients DGRs should be able to use DGR funds to fund religious child care and primary and secondary education activities whether a fixed tax offset would be better than the current endorsement process whether there are additional barriers to charitable giving experienced by companies and company foundations the criteria that should determine an entity s eligibility to provide exempt benefits to its employees whether eligible employers should have to deny the Fringe Benefit Tax concessions to employees claiming the same from other employers whether GST concessions should continue to apply for eligible nonprofit entities whether the gaming catering entertainment and hospitality activities of nonprofit clubs and societies should be subject to a concessional rate of income tax instead of being exempt and whether an anti avoidance rule is necessary to prevent improper exploitation of the mutuality principle The paper comes at a time when charities and nonprofits are just recovering from news that it will be governed by a new charities regulator We have posted a blog about this issue earlier this year If charities and nonprofits wish to have assistance with writing their submissions to the paper they should contact Kylie by email or on her mobile phone on 61 405 124 975 Filed Under Charities Nonprofits Tagged With charities concession DGR exempt exemption FBT GST nonprofits not for profits reform tax Leave a Comment Office 61 2 9889 2881 Mobile 61 405 124 975

    Original URL path: http://www.kyliemaxwell.com.au/tag/tax/ (2014-01-05)
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