Adam Aptowitzer的动态

Curious about how to structure a charity? ?? Should you opt for an unincorporated or incorporated association, or a company limited by guarantee? ?? Darren Fittler from Gilbert + Tobin Lawyers has the answers! Darren, a corporate lawyer based in Sydney specializing in charities, will explain the differences between a Company Limited by Guarantee and a Pty Ltd, what a public benevolent institution is, and the distinctions between DGR1 and DGR2 charities. Join us for our latest podcast episode to learn more. ?? #Charity #NonProfit #Advice #taxtalks

??New changes to Charity Law came into force on March 7th, 2024?? These changes include new statutory powers for trusts and unincorporated associations to use when making changes to their governing documents. Additionally, new rules have been introduced on how unincorporated charities must pass trustee and member resolutions. Furthermore, the Act introduces a new power for the Commission to give public notice to, or direct charities to give notice to, regulated alterations carried out. There are also additional provisions relating to the selling, leasing, or disposing of charity land, concerning disposals or taking out of mortgages by liquidators, receivers, mortgagees, or administrators. One notable change permits charitable gifts given to charities that have subsequently merged to take effect as if the gifts were made to the charity they have merged with. For further information on these changes, visit https://lnkd.in/exMuWDYe ?? Stay informed and ensure compliance with the latest updates in Charity Law by signing up to our quarterly newsletter today at https://lnkd.in/eWsuTUmF #governingdocuments #charitylaw #charity #law #virtualcompanysecretary #governingdocuments #outsourcedsecretarial

In this LegalEASE blog post, we explore the unique nature of government entities, which differ from traditional NGOs, nonprofits, and 501(c)(3) charities. Government entities often give and receive charitable grants and can benefit from certain tax exemptions. They are also included in the NGOsource repository, in the form of public universities, hospitals, municipalities, and others. Key distinctions are found in their governance, founding documents, and rules surrounding charitable grants. This month’s post offers a high-level overview of primary government entity types, including government units and instrumentalities, and explains the criteria private foundations use for making grants to these entities without needing expenditure responsibility. Please contact us if you are a funder and would like to discuss this option regarding one of your grantees. Read more here: https://lnkd.in/ebX-Qb-v

There's a useful summary here for charities making ex-gratia payments. ?? https://lnkd.in/eRHRxabZ

?? Not-for-Profit vs Charity: Why It Matters Not all not-for-profits (NFPs) are charities, and the distinction is important. While NFPs serve a purpose without distributing profits, charities in Australia must register with the ACNC to access tax concessions like income tax exemptions, GST thresholds, and FBT rebates. Some NFPs can still obtain tax concessions without being registered charities, but it’s crucial to self-assess correctly and consider applying for an ATO private ruling. ?? Understanding these differences can help your organisation thrive Read the full article from Cooper Grace Ward. #NFP #Charity #TaxExempt #BusinessTips

It was fantastic to conclude our latest good governance series with a session on how governance documentation can be used as tool to make governance more effective rather than creating a greater administrative burden. Here's an article summarising the main topics we discussed. #goodgovernance #charities https://lnkd.in/eqCHDMWn

?? Not-for-Profit vs Charity: Why It Matters Not all not-for-profits (NFPs) are charities, and the distinction is important. While NFPs serve a purpose without distributing profits, charities in Australia must register with the ACNC to access tax concessions like income tax exemptions, GST thresholds, and FBT rebates. Some NFPs can still obtain tax concessions without being registered charities, but it’s crucial to self-assess correctly and consider applying for an ATO private ruling. ?? Understanding these differences can help your organisation thrive Read the full article from Cooper Grace Ward here: https://bit.ly/4gnGqZZ #NFP #Charity #TaxExempt #BusinessTips

?? Not-for-Profit vs Charity: Why It Matters Not all not-for-profits (NFPs) are charities, and the distinction is important. While NFPs serve a purpose without distributing profits, charities in Australia must register with the ACNC to access tax concessions like income tax exemptions, GST thresholds, and FBT rebates. Some NFPs can still obtain tax concessions without being registered charities, but it’s crucial to self-assess correctly and consider applying for an ATO private ruling. ?? Understanding these differences can help your organisation thrive. Read the full article from Cooper Grace Ward here: https://bit.ly/4gnGqZZ #NFP #Charity #TaxExempt #BusinessTips

The Government of Canada recently released Canada’s “2024 Budget.” The plan contains several items of interest for charities, not-for-profits and donors, so our charities & not-for-profits law and tax lawyer, St.John McCloskey, has compiled a brief overview of them. St.John covers: > Changes to the Alternative Minimum Tax (specifically concerning the Charitable Donation Tax Credit); > Proposals to make receipts, and the process of submitting them, simpler; > Amendments to CRA processes; and > Updates for foreign charities registering as qualified donees Discover more about all of the above in St.John’s new article here: https://bit.ly/3Uuy5Ld #Budget2024 #taxlaw #charitieslaw #notforprofitslaw

Not quite all change but a few important changes to note in Scottish #charitylaw