Not for Profit News Winter Edition

Welcome to the Winter Edition of Not For Profit News

Welcome to the Winter Edition of NFP News. I hope that you are coping with the cold weather and with the calendar year now over the half way point, I know that many of you will now be heading into the busy reporting season along with its associated deadlines.

Last month, William Buck in association with Think Impact hosted a panel discussion on merging within the not-for-profit sector. We had some excellent speakers in attendance and included in this edition is an article by our Audit Principal, Corrine Siddles giving an overview of this highly informative event.

This edition of NFP News also contains mainly important articles across the areas of governance, financial reporting and the latest from the ACNC. This is headlined by a detailed article covering financial reporting considerations in particular the new accounting standards on revenue and leases and their upcoming impact. These are two of the most important accounting standards to affect the sector in many years so an early understanding is most important. The ACNC has also just released a guidance on Remunerating Charity Board Members and we have some information on this.

As usual we welcome any feedback that you may have on the content of this edition of NFP News, and you should feel free to contact any of the NFP team at William Buck with any of your queries.

Accountants must act on suspicions

Guidance on board remuneration

DGR discussion paper released

New report on our smallest charities

Hundreds of charities revoked

AIS release set for July

Charities must meet governance standards

ACNC financial-reporting obligations

Financial reporting considerations for 30 June

Red-tape reduction progress in Victoria

To Merge or Not to Merge – Industry Updates