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Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.

Cruse+Burke
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Owadally & Kings Partnership
At O&K we aspire to be one of the most forward thinking accountancy firms in Croydon. Our dedicated in-house team, and external specialists, based in ...See More

Cruse + Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More

EFJ CONSULTING LTD
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Taxaccolega Chartered Accountants & Tax Advisers
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APRC Accountants
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Marden & Co Accountants Ltd
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SARA COOPERS ACCOUNTANTS LTD
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AWS ACCOUNTANTS (LONDON) LLP

Coman And Co Ltd
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MONEYTREE FINANCIAL LTD
Moneytree Financials' focus is to provide clients with useful, relevant and meaningful services aimed at supporting and guiding your business as it mo...See More

Abu Umar & Co.
Welcome to Abu Umar & Co. We are a small Accounting firm, based in London, We specialize in dealing with all accounting problems. As we have been o...See More

Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More

Central London Accountants
We are proud partners of leading software provider firm Xero, and we can help if you require Xero Accountants in London, Xero training, or need remote...See More

Cheap - Accountants
As a small business owner, your main focus is to work on your business strengths to help it grow, and you can’t just achieve it through juggling every...See More

London Accountants
We have been providing a range of tailored accounting and taxation services to individuals as well as small and medium sized businesses. See More
Frequently asked questions
What specific services do charity accountants provide?
Charity accountants offer a range of services including preparation of annual accounts under the SORP, independent examinations or audits, Gift Aid claims, VAT advice, and Corporation Tax returns. They also assist with trustee reports, restricted fund accounting, and financial management. By engaging a specialist, you ensure that your charity meets all legal and regulatory requirements, while also receiving strategic advice on budgeting and financial planning to support your charitable objectives.
How do I know if an accountant is qualified to handle charity finances?
Look for accountants who are members of recognised professional bodies such as ACCA, ICAEW, or AAT. These qualifications indicate that the accountant has undergone rigorous training and adheres to strict ethical and professional standards. Additionally, many accountants hold specific charity sector accreditations or have demonstrable experience working with non-profit organisations. You can also check their registration with HMRC for anti-money laundering supervision, which is a legal requirement for all accountants.
Why is it important to use an accountant who understands charity law?
Charity law is complex and constantly evolving, with specific requirements for financial reporting and governance. An accountant who understands charity law can help you navigate the SORP, ensure your accounts are prepared correctly, and advise on trustee responsibilities. They can also help you avoid common pitfalls such as misapplying restricted funds or failing to meet filing deadlines. Using a specialist accountant reduces the risk of non-compliance and protects your charity's reputation and charitable status.
What should I look for when comparing accountants for my charity?
When comparing accountants, consider their experience with charities of a similar size and cause, their professional qualifications, and their familiarity with HMRC regulations. It is also important to assess their communication style and willingness to provide proactive advice. Check client testimonials and ask for references. Finally, ensure that they are registered with a recognised supervisory body and have appropriate professional indemnity insurance to protect your charity.
Can a general accountant handle my charity's tax returns and VAT?
While a general accountant may have the technical skills to complete tax returns and VAT submissions, charity taxation has unique aspects such as Gift Aid, charitable exemptions, and partial exemption rules for VAT. A specialist charity accountant will be up to date with HMRC guidance specific to non-profits and will ensure that you claim all available reliefs. Using a generalist could result in missed opportunities or errors, so it is safer to choose an accountant with proven charity sector experience.
How often should my charity review its accounting arrangements?
It is advisable to review your accounting arrangements annually, particularly before the start of a new financial year. This allows you to assess whether your current accountant is meeting your needs and whether your charity's financial affairs are being handled efficiently. Additionally, if your charity grows, takes on new funding streams, or undergoes changes in trustees, a review is essential. Regular reviews ensure that you remain compliant and that your accounting support evolves with your organisation.
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