Tag: NFP

As the Not-for-profit (‘NFP’) self-review return is due in March, the ATO has recently published a document ‘busting’ various NFP ‘myths’. NFP isn’t just charities, your NFP’s include social clubs, such as gardening groups, your golf social club or your bird club. Myth 1: All NFPs are income tax exempt. ATO response: This is not true.  Some NFPs are income

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