What if SARS Was Your Next Donor?
What if SARS Was Your Next Donor? Many non-profit organisations (NPOs) don’t realise they could be leaving money on the table. If your organisation pays VAT on expenses, you may be eligible to recover VAT back from SARS — effectively turning SARS into a donor. For most NPOs, VAT seems like a compliance burden — […]
THE ABC’S OF TAXES IN THE NON-PROFIT SECTOR
A. WHAT IS A NON-PROFIT ORGANISATION (NPO)? An NPO is any entity (whether formally registered or not) which carries out activities in a nonprofit manner. This means that any surplus or gain that the NPO makes will not be distributed to any individual, member or trustee of the organisation but will be channeled back into […]
Taking Steps to Support NPO Financial Literacy
Authors: Inyathelo Finance Director – Soraya Joonas, and Turning Point Chartered Accountants (TPC) Director of Tax – Ridhwaan Khan CA(SA), and Director of Risk & Compliance – Reza Amra CA(SA) There are more than 230 000 registered Non-Profit Organisations (NPO’s) in South Africa, and the numbers are growing rapidly. This is driven by several factors including […]
Section 18a Audit Certificate
Who needs to submit the audit certificate? An approved organisation conducting a combination of Public Benefit Activities (PBA’s) from Part I and Part II of the Ninth Schedule A conduit Public Benefit Organisation (PBO) funding other PBO’s, institutions, boards or bodies organisation conducting a combination of PBA’s from Part I and Part II of the […]