Australia’s not-for-profit (NFP) sector continues to grow in scale and importance. According to the 2025 Australian Charities Report by the Australian Charities and Not-for-profits Commission (ACNC), there are now over 52,000 registered charities in Australia, supporting around 1.54 million workers and contributing approximately $222 billion in annual revenue to the economy. While these numbers reflect a strong and active sector,...

A Message from the Keeping Company Team Taking a few minutes to review and set your preferences will ensure you never miss a critical notice, assessment, or reminder from the ATO. What Are ATO Communication Preferences? Communication preferences lets you authorise your tax professional to tell the ATO where to send your digital correspondence. In other words, you decide whether...

For many service-based businesses in Australia, accounting issues rarely start as major problems. They usually begin as small oversights that quietly build into bigger financial and compliance risks over time. According to the Australian Taxation Office (ATO), a significant portion of small business reporting errors stem from basic bookkeeping issues and misunderstanding of tax obligations. These include incorrect expense claims,...