Charitable Organisation

N

Notsonwbie

Guest
Hi Folks,


I am involved in an organisation which has applied for charitable status and is considering employing somebody - we considered using a contracter but believe the Revenue will classify the individual as an employee regardless.

Does anybody know what the reporting requirements are for a charitable organisation? Does the tax exemption stretch to employers PRSI? Will an audit be required?(minimal turnover)
I would appreciate any comments/advice you may have!

Many thanks

N
 
the tax exemption does not apply to PRSI.

I presume the company is limited by guarantee, in which case it cannot avail of the audit exemption.
 
Nige is right about the PRSI
but i think if your company is limited by guarantee, you would only need an annual audit if your turnover exceeds 100k
please double check this info
 
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