Australia

The not for profit landscape is always evolving. Shifting demographics, changing regulatory requirements and increased public scrutiny all present challenges to organisations in this sector. Successful organisations are those that can adapt to these demands while staying true to their values.

Integrity and transparency are at the heart of Australia’s best not-for-profit organisations and These values are shared by William Buck’s Not For Profit team, which helps organisations to establish cost-effective approaches to improving performance and develop strategies for long-term growth.

We also help organisations to exercise good corporate governance to both mitigate risk and provide transparency for the stakeholders and communities they serve.

We audit a number of large not-for-profits across Australia and New Zealand. Technical expertise and an up to date knowledge of local and international audit and accounting standards, allows us to provide a quality result for our clients.

We recognise that organisations in this sector cut across many industries and take advantage of the expertise provided by our other industry specialists to offer advice tailored to your organisation.

Some of the services we provide are:
  • Internal and external audit
  • Maintaining tax concessions and exemptions
  • Reporting and budgeting for tax obligations
  • Funding applications
  • Financial forecasting and budgeting
  • Establishing charitable trusts
  • Corporate governance advice for boards

Explore other industries

Agribusiness

A diverse industry that contributes significantly to Australia’s economy, Agribusiness is up against an increasing number of challenges to operating profitably. We can help you navigate the impacts of shifting tax legislating, a fluctuating economy and variable commodity prices to reach results at each stage of your business’ lifecycle.

Education

Australia’s ever-changing and competitive education sector is experiencing a period of both growth and disruption. New service models emerged throughout the pandemic along with changing demands from parents and students. Our experienced advisors can assist you to meet these demands and leverage opportunities for expansion both here and internationally.

Health

Rapidly accelerating technological developments, a growing and ageing population, increasing demands from patients for affordable and remote services, a lack of substantial funding and impacts of a continuing pandemic are just some of the challenges this vital sector is up against. Despite the potential issues caused by these challenges, they also present opportunity.

Hospitality & Tourism

Acute workforce shortages and unstable supply chains continue to threaten our hospitality and tourism industries, which bore the brunt of Australia’s response to the pandemic. Nevertheless, the sectors are demonstrating considerable resilience and face a prosperous future as borders reopen and consumer confidence improves.

Manufacturing

Government incentives, industry reforms and the emergence of Advanced Manufacturing are all driving a revived manufacturing industry with vast opportunities. Meanwhile, an increasing number of industry associations aim to support the sector by boosting productivity, improving competitiveness and enhancing sustainability.

Mining & Energy

Located on the doorstep of growing populations and emerging economies, with diverse and abundant mineral and energy reserves and a skilled workforce, Australia is poised to benefit from the rising international demand for resources through continued inbound investment and cross-border opportunities in the sector.

Government

Increased accountability, competing stakeholder needs and restricted budgets are just some of the demands faced by government entities today.

Professional Services

A strong and emerging industry in Australia, professional services practitioners operate in franchising, legal and accounting, advertising, engineering, business consulting and many more. Key concerns for the sector are skilled workforce shortages, staff retention and changing regulations.

Property & Construction

Enhancing the strain of permeating supply chain issues are complex regulatory challenges, project delays, labour shortages and reduced demand for commercial spaces. However, rising house prices are driving an increase in construction as are low interest rates and inbound investment.

Retail & Wholesale

Largely consisting of SME businesses, Australia’s highly competitive retail and wholesale industry attracts players from many overseas markets. While the pandemic had markedly different impacts on the various subsectors of the industry, eCommerce benefitted from the temporary shutdown of physical stores and increased online shopping – a trend which has continued.

Transport & Distribution

While previously segregated into several subsectors, the industry is increasingly integrated and employs over half a million people across the country. With new technology including automation shaping the industry, new and emerging skills and business processes are required.

Technology

Fast growing and aspirational, Australia’s tech sector is currently the third highest contributor to gross domestic product and employs over half a million people. William Buck has significant experience assisting SaaS companies and other tech subsectors to scale, raise capital, identify growth opportunities in transactions and manage divestment mandates.

Not for Profit Industry Specialists

Latest insights from our Not for Profit team

NFP Financial reporting insights | August 2021
18 August 2021 | Minutes to read: < 1

NFP Financial reporting insights | August 2021

Transitioning to simplified disclosures The Australian Accounting Standards Board has issued AASB 2021-1 Amendments To Australian Accounting...
NFP ACNC activities | August 2021
18 August 2021 | Minutes to read: < 1

NFP ACNC activities | August 2021

Governance standard strengthened  The Federal Government has announced amendments to governance standard three to ensure that Australian...
NFP Governance & Compliance | August 2021
18 August 2021 | Minutes to read: < 1

NFP Governance & Compliance | August 2021

New guide on AGMs  New guidance should help organisations navigate uncertainty about holding AGMs and executing electronic...
NSW JobSaver applications now open – further details on how to apply
12 August 2021 | Minutes to read: < 1

NSW JobSaver applications now open – further details on how to apply

Latest Updates 20 September | Reconfirm your Eligibility for the JobSaver Scheme fortnightly Service NSW has issued...
Not-for-profits entities and Australian charities and Not-for-profits Commission (ACNC)
27 May 2021 | Minutes to read: < 1

Not-for-profits entities and Australian charities and Not-for-profits Commission (ACNC)

What is a not-for-profits entity? A not-for-profit entity, as its name suggests, is an organisation that does...
Governance & Compliance | May 2021
20 May 2021 | Minutes to read: < 1

Governance & Compliance | May 2021

Breakthru back-pays more than $2.7m   Disability services provider Breakthru Ltd is back-paying employees more than $2.7 million...

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