Do you run a charity or non-profit? Understanding NFP finances can be tough, especially with all the specific accounting, record-keeping and reporting requirements. At Gauld Tulloch Bove, we want to help. As part of our commitment to social responsibility, each partner assists charities and not-for-profit organisations in financial and advisory roles. Our partners are experts in these areas and can give you the financial guidance you need. This frees you up to focus on what matters most: your mission and making a difference.
Accounting services for not-for-profit organisations
Taxation
We work closely with all our NFP clients to ensure all aspects of their tax obligations are well understood, complete and minimised. This includes income tax, capital gains tax, GST, superannuation guarantee contribution levies and more. We also act as a liaison point with the ATO so you can focus on your mission.
Accounting
Accurately tracking your organisation's financial data is critical for running day-to-day operations for the success of your NFP and needed if you are looking to get funding to grow and expand. Our services include financial reporting and management accounting. We work with you to understand your NFP entity and your unique needs.
Budgeting & Forecasting
Planning by budgeting and forecasting is an essential activity for your success, and Gauld Tulloch Bove’s team are experts in guiding our clients. We assist with profit and loss, balance sheet, and cash flow, and educate you on how to understand and use this information for your growth.
Performance Analysis
Tracking performance is also essential to running a successful NFP. Important analysis reporting includes key performance indicators, trend analysis, and non-financial performance indicators.
Business Planning
To be successful in operating a NFP, considerable planning needs to go on behind the scenes. Gauld Tulloch Bove provides expertise in the areas of financial modelling, feasibility analysis, and strategic planning.
State Revenue
For crucial areas like state revenue obligations, Gauld Tulloch Bove works with you to adopt general strategies, as well as specific transactions for areas like land tax, payroll tax, payroll matters, and more.
Corporate Secretarial
We handle all your NFP’s secretarial needs, ensuring compliance with ASIC regulations. This includes managing registrations, changes, minutes and annual statements.
Financial Audits
Financial audits are also an important part of running a successful NFP. We take care of statutory and special purpose audits, as well as audits for workers’ compensation, grant acquittals, and systems audits.
Valuations
At Gauld Tulloch Bove, we also assist clients with valuations of businesses and entities, plus provide litigation support.
Contractual Due Diligence
When our clients are in acquisition mode, we provide timely advice on contractual due diligence for the purchase and sale of a business or entity.
Superannuation
We navigate the complexities of superannuation for you. We advise on both employer and personal super obligations, including tax strategies, estate planning and fund management.
Management Team Participation
As your NFP grows, you need to understand the roles and importance of advisory boards and your senior management team. At Gauld Tulloch Bove we provide strategic and practical advice in these areas.
Entity Restructuring
When your business is restructuring you need the right advice to ensure asset protection, taxation considerations are met, and all costs and complexities are understood. Gauld Tulloch Bove has the expertise to advise on entity restructures.
Business Commencement
It’s important to get everything right when a new NFP entity is established. Gauld Tulloch Bove’s expert team provides advice for entity structure selection and design, registrations, and the accounting systems you’ll need to start on the right footing.
Information Systems
The right accounting software for each business is essential to record the financial activities. Gauld Tulloch Bove assists with selection, implementation, and maintenance of accounting software, as well as financial control design and analysis.
Contact us today for a no-obligation discussion of your accounting needs.
