Add-Ministry Inc

Our Newsletter

Our periodic newsletter provides valuable information for the not-for-profit and religious organisations. The March 2010 issue provides an update on

Necessitous Circumstances Fund;
Reporting obligations - Companies Limited by Guarantee;
GST snippets;
FBT Reporting Year;
ATO comment on Word Investments case;
Productivity report on NFP sector;
Standard Chart of Accounts.

What's New ?

PAYG Summaries & Superannuation Reporting Obligations

Changes in Tax Law for the current financial year require superannuation contributions to be identified on PAYG Summaries as "Reportable Items". This would be a similar reporting obligation in many respects to the reportable fringe benefits area.

Religious instituations who engage religious practitioners for religious duties and make payments caught by Fringe Benefits Tax Laws are exempt from the obligation to report fringe benefits on PAYG Summaries. They are in a separate legal category to other employees. With reportable fringe benefits, most charities and religious institutions are obliged to report the benefits paid - it is payments by a religious institution to religious practitioners in respect to religious duties that attract these special concessions.

For more information, please click here.

Welcome to Add-Ministry Inc

Add-Ministry Inc is a Not-For-Profit entity established for the specific purpose of providing administrative support to charitable & religious entities, and also to other community based organisations.

We can help you through the minefield of taxation and legal obligations.

Our friendly staff are accounting and computer oriented, and also have the diverse skills required to provide support for any administrative tasks.

Add-Ministry Inc can save you time and money.

Services

	Taxation & Legal Compliance
	Financial Management & Control
	Planning & Change Management
	Training

DGR Endorsement Issues - see here

Australian Not-For-Profit Network Inc

Head of a Lion & Tail of a Mouse ?

The Henry Review of the Australian Taxation System has now been released, along with the Rudd Labor Government commentary on parts of it. We provide some brief initial comments on these releases as to how they affect the Not-for-Profit Sector, and in particular the Christian community.

The Henry Review contains a a large number of recommendations, but the Government have chosen to accept a small number. Currently there is no Government comment at all on many of what seem to be sensible recommendations from Henry. However, there is the possibility of further comment with the Federal Budget coming shortly. more