Tax issues revolving around not for profit organisations can be complex. Organisations are not automatically tax exempt but must meet stringent conditions. For some organisations, one of those conditions is that they must be specifically endorsed by the ATO. It is vital that income tax exempt not for profit organisation understand the conditions for their exemption so as to ensure the privilege is not inadvertently lost.
Saward Dawson has the expertise to guide you through the process of obtaining income tax exemption as well as regular reviews to ensure the exemption is maintained. We can advise on other possible exemptions, such as for stamp duty and payroll tax.