Huge additional JobKeeper concession announced for charities

Based on the Treasurer’s announcement over the weekend, charities now have the option of excluding Government income from their JobKeeper turnover test (i.e. in proving a 15% decline). That means the turnover reduction can be limited to the comparison of non-Government income sources, such as donations and fee for service. See the media release here. We can see [...]

2020-04-28T22:36:52+00:00 April 28th, 2020|NFP sector, Purpose Accounting team|

Employees of non-profit orgs to benefit from new Covid-19 wage subsidy

Yesterday the Government announced a further stimulus package to keep businesses and employees afloat during the ongoing Covid-19 challenge. The central feature of the package is a wage subsidy of up to $1,500 per employee, per fortnight. The good news is that this will apply to the non-profit sector. Unlike previous stimulus measures however, the wage [...]

2020-04-02T01:00:25+00:00 March 31st, 2020|NFP sector, Purpose Accounting team|

Stage 2 Government economic stimulus – NFPs to receive cash payments up to $100,000

The Government recently announced a second-stage economic stimulus package to support NFPs, businesses and individuals in the face of the Coronavirus pandemic. The good news is that under these measures, for-purpose organisations that employ people will receive an untied cash payment of up to $100,000. That is up to $50,000 in this financial year, and $50,000 next [...]

2020-04-02T00:52:39+00:00 March 25th, 2020|NFP sector, Purpose Accounting team|

Covid 19 update – Purpose to continue client service via remote working model

Following the escalation of the Covid 19 situation, Purpose has made the decision to move to a remote working model, commencing today. This means that for the next few weeks at least, our regular client site visits and other scheduled appointments will be offered in an online or phone format, rather than in person. All services will continue to be delivered [...]

2020-03-22T07:35:52+00:00 March 16th, 2020|NFP sector, Purpose Accounting team|

Looking for a new workspace? Purpose has room!

Purpose has recently become the sole occupier of our previously shared office space at 583 Elizabeth St Redfern! We're social people and we now find ourselves with more room than we need. The team is keen to share our space with like minded souls, so if you are a small organisation considering a new workspace this might be for [...]

2019-08-26T01:04:48+00:00 July 16th, 2019|NFP sector, Purpose Accounting team|

Welcome to Ning

We are pleased to welcome Ning Gong, the newest member of our steadily growing Purpose team. Ning started with us in April and has coped very well taking on a portfolio of clients from day one! Ning is a CPA qualified Accountant, with over 10 years’ experience in the non-profit sector. Prior to joining Purpose, [...]

2019-06-13T05:36:18+00:00 May 5th, 2019|NFP sector, Purpose Accounting team|

Seeing the forest through the trees

In March we took a brief break from our busy daily workload to focus on our strategic goals and service priorities. Thanks to our clients who managed around our limited availability during this time. The team spent two days at Sutton Forest, in the Southern Highlands. It was a valuable experience, where we planned priorities [...]

2019-06-13T05:29:21+00:00 April 20th, 2019|NFP sector, Purpose Accounting team|

CPA Awards success

The Purpose team was excited to be shortlisted as a 'top 3' finalist for the CPA NSW Member Awards - Finance Team of the Year. The awards recognise the most outstanding CPA members in New South Wales, who are making a real difference to the accounting and finance industry. To have our work recognised at this [...]

2019-05-03T03:07:37+00:00 December 12th, 2018|NFP sector, Purpose Accounting team|