Empire Accountants specialises in Not-for-Profit Accounting Solutions.

Support for those that support others.

The team at Empire Accountants and Empire Bookkeeping have been specialising in bookkeeping, accounting and taxation support for not-for-profit organisations and charities since 2013.  We recognise this industry is unique and has different requirements than our ‘for profit’ counterparts, thus we have developed a tailored solution to satisfy these needs.

Our core focus is to provide a professional, valuable and quality service to these organisations that commit to serving others.  Our service is designed to provide the responsible persons of these organisations with peace of mind around compliance, governance and following best practice models.

Bookkeeping Support for NFP Organisations

Provided by our sister company, Empire Bookkeeping, we provide a tailored bookkeeping solution to achieve the following outcomes:

General Bookkeeping

  • Third party engagement provides for the separation of duties and control governance requirements
  • Regular processing and reconciling of accounts using our preferred software Xero
  • Assistance with correctly establishing payroll and salary sacrificing arrangements within your payroll software
  • Scaled solution to suited to your budget and resources

Software Solutions

  • Provide advice on software solutions for keeping good records for your organisation

Training and Support

  • One on one training and support for those organisations who look after their own bookkeeping but require peace of mind and want to easily be able to have support for those quick questions

Accounting Support for NFP Organisations

Empire Accountants specialises in providing quality and professional accounting and taxation advice in the following areas:

Compliance Advice

  • Advice in relation to how to appropriately account for transactions and record keeping requirements to be in accordance with AASB standards

End of Year Review

  • Complete a year-end review prior to going to audit to ensure appropriate classification and completion of general workpapers to support year end balances

Goods & Services Tax Obligations

  • Assessment of whether any GST concessions apply
  • Ensuring correct GST treatment of activities
  • Preparation and lodgement of Business Activity Statements

Fringe Benefit Tax Obligations

  • Assessment of whether any FBT concessions apply and how FBT is applicable within your organisation
  • Preparation and lodgement of Fringe Benefits Tax Returns

Income Tax Assessment

  • Assist with assessing income tax exemption status for self assessing organisations
  • Assist with preparation and lodgement of Income tax returns for tax applicable organisations

Accounting Support

  • Independent source for providing and maintaining periodic accounts
  • Provision of management reports for performance and board reporting requirements
  • Advice in appropriate treatment and classification of transactions to ensure compliance with accounting principles and standards

Want to get started with a new NFP or Charity?

If you are interested in establishing a new organisation, we recommend that you seek the advice of a solicitor that specialises in this field. Our recommendation is NFP Lawyers.

They will be able to guide you through a customised structure and establishment process to ensure your organisation is setup appropriately to meet your objectives and be able to legally do all the things you want too.

Once you are established, please contact us here at Empire as we can assist with getting you organised with a record keeping system, understanding obligations and governance requirements and working together to support you to support others.

Audit or Review Requirements

The level of reporting requirements for your organisation will depend on the size and who you are required to report too.  Some NFPs and Charities are required to prepare audited financial reports where some are only required for their financial reports to be reviewed by an accredited practitioner.

As our speciality is to provide advice around how to keep good records, we do not provide any support in audits or reviews.

If you are seeking an audit or review, please contact us below for a list of our preferred auditors.

Want to know more?

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