Clubs and Non-Profits: Keeping the Books has been written for the honorary treasurers and governing committees that are the backbone of Australian non-profit organisations such as sporting bodies, social clubs, hobby-based groups and charities. Author Nick Renton AM analyses the financial responsibilities of honorary treasurers and governing committees and sets out their accounting needs, both during the year and for the annual report. It covers all essential aspects of keeping accounts, financial reporting, taxation and relevant management and membership issues. Important topics covered include: Am Organisation structure, financial accountability, granting and revoking spending authorities Am Bookkeeping, budgets and financial statements Am Income Tax, GST and capital gain tax considerations Am Membership records, privacy and renewals Am Fundraising and donations Am Insurance and employment issues Am Use of spreadsheets, computers and the Internet. Specimen financial statements with worked examples and a detailed glossary supplement the main text, which has been written in plain English with technical jargon kept to a minimum. No formal knowledge of accountancy or taxation is assumed.status. As in the case of tax exempt organisations, since 1 July 2000 a formal endorsement process has operated for organisations seeking or ... Australian Business Number (ABN), but it does not have to be registered for the goods and services tax. ... the charity tax concessions and the date(s) of effect of these will also appear on the Australian Business Register (ABR), 69 CHAPTER 7 - INCOME TAX.
|Title||:||Clubs and Non-Profits|
|Publisher||:||Federation Press - 2005-01|