New online resource for Tasmanian Not-for-Profit organisations
Posted on November 27th, 2019 by WLF
We’ve recently launched a new online resource to assist the Not-for-Profit sector in Tasmania. The ‘NFP Series’ has been rolling out over the past month, through a combination of written and video articles covering everything from start-ups to compliance, accounting processes to governance, insurances and more.
WLF Partner Marg Marshall, who leads our Specialist Taxation Advisory division says the series is a way of sharing our expertise in a format accessible to everyone.
“Over the past few years our team has noticed a significant increase in the number of NFP entities being set up in Tasmania. We believe some of this is a response to issues within the community – housing, changes to the NDIS – while some are driven more by personal connections and interests, for example the need to fundraise for sporting bodies” says Marg.
“The NFP and charity sectors can be quite complex to navigate, particularly in relation to legal and financial compliance matters.”
“As an independent Tasmanian firm that has been around for almost 130 years, we feel a strong sense of responsibility to give back to our local community, and sharing our expertise is one way of doing this” Marg advises.
The series is developed by Marg and two colleagues, Rachel Mendlik and Claire Thornett. All three work with a number of NFP clients in their day to day roles, and are also involved in the NFP sector in a personal capacity with voluntary roles.
The first instalment of the series went live on our website on 7 November with Marg providing an overview of what you need to be aware of when establishing an NFP. The release of each article/video is being promoted through our social media networks but if you’ve missed them you can take a look at the following links.
- The important of the finance function and budgeting
- Notifying agencies when your details change
- Accounting software and review of financial processes
- Taxes and your charity, what you need to know
And keep watch for the following instalments that are still to come in the NFP series:
- NFP Board governance
- Financial literacy and reporting requirements for NFPs
