Charitable & Not-For-Profit Organisations
Tax evades our life. Even when we want to help the community you need to
consider your tax position. We practice throughout Australia in this area.
We provide structures to satisfy 2 fundamental goals for both private and public
charities:
1. Taxation and tax deductibility of gifts through establishing charitable
trusts and foundations.
2. Making sure that trustees and boards have the best possible structure to
protect them from the potential insolvency of the charitable trust.
These goals are achieved by providing the following:
* preparing documents to establish charities
* arranging for Australian Taxation Office endorsements and State Revenue Office
exemption
* advising on fringe benefits tax and other employment contracts
* amending constitutions of charities to ensure compliance with ATO requirements,
the Associations Incorporations Act and the Corporations Act
* setting up Foundations in Testamentary Trust Wills
Brett Davies Lawyers only works in tax and superannuation. We work closely with
the ATO to keep up to date with its changing rules and regulations.
We keep our clients up-to-date with the legislation including:
* removing various anomalies affecting charitable giving
* the legislation enabling endorsed charities and deductible gift recipients to
receive cash refunds of excess dividend franking credits
* the legislation permitting the establishment of prescribed private funds.
Private Trusts
There are many benefits in establishing private trusts. Families and
corporations may establish private foundations with deductible gift recipient
status. These are known as 'prescribed private funds'. These can be set up
either now or through your Will.
As a private tax lawyers firm Brett Davies Lawyers only takes instructions via
your Accountant, Adviser and Lawyer. They are welcome to contact our Practice
Manager 08 9325 9777 or Office Manager on 08 9325 7999 to make a booking with
one of our lawyers specialising in this area.
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