Diane Gill • March 24, 2024
Do you provide short-stay or visitor accommodation?
From 1 April, new GST rules apply to people who use websites or apps to provide short-stay or visitor accommodation. This includes sites and apps such as AirBnB, Bookabach and Holiday Houses.
If you are an accommodation host, make sure you are aware of how the changes affect you.
What are the key aspects you need to know to prepare for the financial year-end on 31 March? The end of the financial year is a good time to review your policies and procedures in preparation for the new tax year.
In 2023 the External Reporting Board (XRB) published updated accounting standards for Tier 3 and 4 registered charities.
If your charity’s financial year began on or after 1 April 2024, the Tier 3 (NFP) and Tier 4 (NFP) Standards are now in effect and you should be using or preparing to use these.