Fixed assets of a non-profit entity – an accounting perspective
Fixed assets of a non-profit entity – an accounting perspective“PPE” stands for property, plant, and equipment (not, in this case, for the acronym of the pandemic for Personal Protective Equipment). As we reflected on challenges that have arisen in preparing or reviewing annual financial statements of non-profit entities in recent months, we realised that the […]
Is PBO approval important for South African non-profits?
Is PBO approval important for South African non-profits? Over the years of consulting in the non-profit sector, we have frequently encountered organisations which have never applied for PBO approval or income tax exemption with SARS. The reasons provided for not having done so are often based on false beliefs such as: All non-profits are automatically […]
