Bookkeeping for Sporting Organisations
We understand the unique financial challenges faced by sporting organisations. Whether you’re managing a small community club or a larger sports association, our specialised bookkeeping services are designed to keep your financial records accurate and up-to-date.
New Reporting Obligations for NFP Sporting Organisations
Starting from the 2023/24 financial year, new reporting obligations for not-for-profit (NFP) organisations, including sporting clubs, are being introduced. From 1 July 2024, all NFPs and sporting organisations with an Australian Business Number (ABN) must lodge their first “NFP self-review return” by 31 October 2024 to confirm their eligibility to self-assess as income tax exempt.
How Gecko Cloud Solutions Can Help
At Gecko Cloud Solutions, we offer specialised services to help sporting clubs comply with these new reporting requirements efficiently and accurately. Our services include:
Updating ABN Registration Details
We assist in updating your ABR records, ensuring all addresses, associates, and authorised contacts are current and accurate.
Lodging Nil Returns
If your club qualifies as an income tax exempt not-for-profit, we can lodge your nil return on your behalf, ensuring full compliance with ATO requirements.
What makes us different?
I can not recommend Olivia and the team at Gecko Bookkeeping enough.
“I would not be here without the help of my bookkeepers. They have helped us to set up the financial foundations we needed to grow as a business. At the end of the day, we are great on construction sites and talking to clients, but they keep us in line financially”
Johnno Green
Founder – JCG Projects
