New reporting requirements for not-for-profits

From 1 July 2024, non-charitable NFPs with an active Australian business number (ABN) must lodge an annual NFP self-review return to self-assess as income tax exempt. This webinar covers the following topics to help guide NFPs to prepare for lodging their return:

• what NFPs need to know about the new requirements
• how to set up myGovID and link to Relationship Authorisation Manager (RAM)
• how to update your organisation's ABN details
• lodging a NFP self-review return in Online services for business.

The webinar also provides information on client-to-agent linking and how NFPs can nominate an agent to lodge the self-review return on their behalf in Online services for agents.

For more information, visit ato.gov.au/NFPtaxexempt