Kickstart 2025: Prepare Your NPO for Audit Season and Create a Winning Budget
As the new year begins, it’s a good time for non-profit organisations (NPOs) to focus on two important tasks: preparing for the upcoming audit season and creating a budget that aligns with your goals for the year ahead. By taking the right steps, your NPO can stay compliant, improve financial management, and allocate resources effectively. […]
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 […]