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SMEs and Not for Profits: How can you reduce your risk of fraud?
Insight SMEs and Not for Profits: How can you reduce your risk of fraud?
According to the Association of Certified Fraud Examiners (“ACFE”), NFPs lose about 5% of revenue annually to fraud, and small businesses globally have an annual median loss to fraud of $200,000.
Jadene Windley
Jadene Windley
| 7 min read | 18 Nov 2025
Incorporated societies: Are you ready for new reporting standards?
Insight Incorporated societies: Are you ready for new reporting standards?
New regulations are changing how some incorporated societies report their finances. The Incorporated Societies Act 2022 replaces the 1908 Act, marking the first major overhaul in more than 100 years.
Barry Baker
Jadene Windley
| 6 min read | 07 Jul 2025
New tax clarity for mutual associations: Helpful guidance or costly compliance?
INSIGHT New tax clarity for mutual associations: Helpful guidance or costly compliance?
The rules around calculating a company’s taxable income are well established. But what if you’re a mutual association – a resident’s association, membership organisation or industry group (among others)?
Barry Baker
Sam O'Connor
Jadene Windley
| 5 min read | 07 Jul 2025
NFP tax alert for Incorporated Societies and other Mutual Associations
alert NFP tax alert for Incorporated Societies and other Mutual Associations
Inland Revenue has just released a draft operational statement (ED0265) about the income tax treatment of transactions between not-for-profit associations (Mutual Associations) and their members.
Barry Baker
Sam O'Connor
Jadene Windley
| 2 min read | 02 May 2025
Taxing charities and not-for-profits: Can we find the right balance?
Insight Taxing charities and not-for-profits: Can we find the right balance?
A consultation paper released by IRD is a reminder that charities and NFPs need to think hard about tax compliance to ensure they get it right. Because they often don’t pay income tax, those managing NFPs often see tax as less of a priority than their private sector equivalents.
Sam O'Connor
Jadene Windley
| 6 min read | 25 Mar 2025