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 [...]
Since 2012, pay rates for employees in the Social and Community Services (SACS) industry have gradually been increasing, under the Equal Remuneration Order made by the Fair Work Commission. The ERO addressed the gendered undervaluation of work performed in the community services sector. As a result, wages will have increased by up to 45% when staff [...]
The Australian Accounting Standards Board (AASB) has confirmed new disclosure requirements for non-profit organisations preparing Special Purpose Financial Statements (SPFS). New requirements will apply to financial years ending on or after 30 June 2020. This will affect your audit if you report Special Purpose. How do I know if my organisation is reporting Special Purpose? Your [...]
A reminder that AIS’s are now due for charities operating on a standard financial year (1 July to 30 June). The deadline for Statements is 31 January, so we encourage clients to submit as soon as possible.
In September we advised that the Federal Court had handed down a landmark decision dealing with the method of accruing and taking paid personal/carer’s leave. This decision revised the interpretation of the amount of leave that employees are entitled to. Under the new interpretation, personal/carer’s leave accrual increases for some part time employees. For example, [...]
The ACNC has developed some new resources to assist charities in ensuring good governance and compliance. 1. The Governance Toolkit is a collection of resources designed to help charities manage risk across four key areas: financial abuse; working with partners; safeguarding and cyber security. 2. The small charities library is a valuable collection of factsheets, policy templates, checklists, induction and welcome packs. It includes guidance on [...]
On 21 August, the Federal Court of Australia handed down a landmark decision that deals with the method of accruing and taking paid personal/carer’s leave, for the purposes of the National Employment Standards (NES) under the Fair Work Act 2009 (the Act). This follows a series of recent legal disputes between employers and unions relating [...]
The ATO has recently clarified its position on whether superannuation is payable on annual leave loading. Annual leave loading is an additional payment of 17.5% (usually), provided to an employee on top of their base rate of pay, during periods of annual leave. It is mandated in some Awards, including the social and community SCHADS. [...]
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 [...]
Single Touch Payroll (STP) is a new way of reporting tax and super information to the ATO. This change means that organisations using a solution that offers STP reporting, such as payroll or accounting software, will send employees' tax and super information to the ATO in real time (i.e. each time they run payroll). The [...]
