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Auswild & Broad | Blog

Auswild & Broad Blog

 

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08Nov

Not-for-profit (NFP) annual tax return requirements

08 Nov, 2024 | All articles, Tax, General | Return|

If you are a non-charitable not-for-profit (NFP) with an active ABN who hasn’t lodged their NFP self-review return, there is guidance to help with lodgment.

We can lodge the NFP self-review return for you where we have been appointed as your tax agent. Or you can lodge yourself using the ATO self-help phone service on 13 72 26 or Online services for business if you have linked the NFP with your personal ATO account through mygov.

To assist with lodgement, we remind clients to: 

  • review their governing documents and prepare answers to the return questions before proceeding to lodge
  • have the ABN and a reference number, from any ATO letter posted to their NFP,
  • ensure the ABN details are up to date including the NFPs address, associates and contacts 
  • set up myGovID (soon to be myID) and RAM if lodging through using Online services for business. 

The ATO will also be running a small advertising campaign targeted at NFPs from November to December 2024 to raise awareness about the NFP self-review return requirement and where NFPs can access lodgment information and support. Please get in touch if you need assistance.

More Information on the Ato website here.