In our years working with clients to build budgets, we sometimes encounter a common error in the process, which leads to a shortfall in organisational overheads. Sharing our learnings below for those wading into these murky waters…! When we talk overheads we usually refer to these as a % of total income However, often when [...]
Our Senior Finance Associate Anna was delighted to visit Prue Ritchie and the team at Bourke & District Children’s Services. BDCS provides a valuable local childcare service to Bourke and surrounding areas, including long day care; after school care; pre-school and a mobile playgroup. Though we’ve worked with BDCS for 2.5 years, with the pandemic [...]
With our growing client workload, we have been really pleased to welcome our new part-time Assistant Accountant, Rachel Larner. Rachel has extensive experience in finance and administration roles, including 8 years working in the financial planning industry. Her introduction to the world of not-for-profits came through joining the committee of her children’s community pre-kinder in [...]
We are so pleased to welcome our newest team member (and rising star in bookkeeping!), Melanie Simon. As a proud Biripi and Anaiwan woman, Mel has specialised in leading Aboriginal affairs and community development throughout her career. Her most recent position was in the Department of Communities and Justice, where she worked on the frontline [...]
This month we celebrate Nina Trofimova's achievement in being recognised as a Fellow of CPA Australia (FCPA). Being awarded FCPA status means that Nina has been acknowledged as an expert in her field. To progress to this status, individuals must have at least 15 years’ experience in accounting, finance or business, including five years in an [...]
Ever wondered if you could cycle the equivalent height of Mt Everest? No, we hadn’t either - until Ricardo decided to make it happen! In a true embodiment of his for-purpose values, Ricardo spent his 32nd birthday cycling 118 times up and down the Taronga Zoo hill, raising funds to help families in Brazil to deal [...]
We are excited to announce that our tech innovation wizard Ricardo has been nominated for Receipt Bank’s ‘Most Efficient Accountant’ Award. The Awards night will be held on 6 November, celebrating Accountants and Bookkeepers that are paving the way for the industry through the use of the innovative accounts payable software. Purpose has helped many clients [...]
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 [...]
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 [...]
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 [...]
