Clubs, incorporated societies and co-operatives face unique challenges as they
answer to a wide array of members and their views.
Some clubs and societies are profit making entities with limited not for profit activities whereas others are entirely not for profit organisations. The financial reporting standards for these types of entities can differ.
It is not only businesses that need annual accounts. Clubs and Societies also need to tell those with an interest how they have dealt with their money.
The legal status of such organisations can vary and reporting requirements are likely to be set out in club rules in addition to the tax law.
Norrie & Daughters serves a number of clubs and incorporated societies throughout New Zealand, helping them maximise their assets and expand their efforts, touching more lives and better serving society.