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

Many non-profit organisations (NPOs) take advantage of the festive season to ramp up fundraising efforts while also preparing for the upcoming year. Effective financial planning can help secure donations, build donor trust, and ensure compliance with relevant regulations. This article presents practical strategies that NPOs can implement to enhance year-end fundraising through sound financial

Running an NPO comes with unique financial challenges, from managing tight budgets to ensuring every cent is accounted for. Traditional accounting systems can be costly and time-consuming, eating into resources that could be better spent on achieving your mission. Fortunately, Xero Cloud Accounting offers a modern, cost-effective solution that can streamline your NPO’s finances

In the evolving landscape of non-profit operations, maintaining robust accounting practices and ensuring compliance are critical for success. At  Turning Point Chartered Accountants, we understand the unique challenges NPOs face in these areas. This article delves into the importance of accounting and compliance for NPOs and how leveraging technology and expert guidance can transform

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

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

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

Non-Profit Organisations (NPOs) face unique tax challenges that require specialised knowledge and strategies to navigate. In this blog, we explore how Turning Point Chartered Accountants, led by Ridhwaan Khan, can guide your NPO through these complexities, ensuring compliance and financial stability. Understanding Tax Challenges for NPOs NPOs encounter various tax...

The South African Revenue Service (SARS) has recently been on a drive to modernise and simplify tax processes. This evolving best practice of third-party data requirements has been extended to include Public Benefit Organisation’s (PBO’s), enabling SARS to develop an efficient process in granting Section 18A (S18A) deductions to taxpayers and help prevent claims abuse.