Not for Profits

Heads up for large charities & NFPs

Larger charities and not-for-profits will be required to formally report service performance information as part of their year-end financial statements for financial years ended 31 December 2022 onwards. Now’s the time to start thinking about how best to achieve this.

Changes to donation tax credits

The Income Tax Act 2007 requires a donation to be a “…gift of money of $5 or more…”, but what does this phrase mean? Confusion arises because monetary gifts can take various forms. A dispute on the issue has been making its way through the Courts.

The Great Annual Street Appeal

Facebook has been in the headlines recently after announcing an ambitious foray into the cryptocurrency market with its new currency, Libra. Backed by Facebook, Visa, Mastercard, Uber, Paypal, Spotify and more than 20 other major global brands it represents a significant step forward in global acceptance of alternate, online currencies.

To accumulate funds, or not to accumulate funds? A question for charities

It is common for many charities to set aside monies received for spending at a future date. Some charities might generate healthy surpluses and accumulate considerable funds over time. There are often good reasons for this. For instance, a charity may accumulate funds to:

Needs More Cushions | Style with soul inspires ethical business

Three years ago Jill McKenzie started a blog to indulge her cushion obsession. Today her passion for pillows has morphed into a start-up selling ethical interiors with a truly global story.

When is a gift not a donation?

If an individual pays “…a monetary gift of $5 or more…” to a charity they are able to claim one third of it back from Inland Revenue.  Prior to 1 April 2008, individuals could only claim donations of up to $1,890, i.e. a refund of $630.

The Four Regions Trust | Investment growth that benefits the community

Investments made by the Four Regions Trust, formerly the Powerco Wanganui Trust, have grown substantially thanks to the governance of a skilled team.