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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

Stewart Accounting Services
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IDEO BUSINESS SERVICES LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More

TaxKings Tax Made Simple
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Agility Bookkeeping
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CloudBook Accountants Ltd
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LFR Accounting
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NIXON WILLIAMS LIMITED
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Pepperhill Associates
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LLOYDS ACCOUNTANTS LTD
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Holden Associates
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Holdsworth Accountancy
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GE ACCOUNTANCY LTD
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C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken

MGM & CO. Chartered Certified Accountants
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Frequently asked questions
What qualifications should a charity accountant hold?
A charity accountant should ideally be qualified with a recognised professional body such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has undergone rigorous training and adheres to strict ethical standards. They will possess the necessary expertise to handle charity-specific financial regulations, including the preparation of accounts in accordance with the Charities SORP and compliance with HMRC requirements.
How can a charity accountant help with HMRC compliance?
A specialist charity accountant ensures your organisation meets all HMRC obligations, including filing accurate tax returns and claiming Gift Aid on eligible donations. They manage Corporation Tax matters and provide advice on VAT, ensuring your charity does not overpay or miss out on reliefs. Their expertise reduces the risk of penalties and helps maintain good standing with HMRC.
What is the role of an accountant in preparing a charity's annual accounts?
An accountant prepares the annual accounts in line with the Charities SORP, ensuring they provide a true and fair view of the charity's financial position. They manage restricted and unrestricted funds, prepare the trustees' annual report, and coordinate with auditors or independent examiners. This process ensures transparency for donors and compliance with the Charity Commission's regulations.
Can an accountant assist with Gift Aid and tax-effective giving?
Yes, an accountant can help your charity maximise income through Gift Aid by ensuring all claims are accurate and submitted correctly. They provide advice on tax-effective giving structures, such as payroll giving and charitable trusts. Their expertise ensures you receive the full tax benefit on donations, while remaining compliant with HMRC's strict rules.
How often should a charity review its financial procedures with an accountant?
It is advisable for a charity to review its financial procedures with an accountant at least annually, but more frequent reviews are beneficial. Regular check-ins help identify potential risks, improve internal controls, and ensure compliance with changing regulations. An accountant can also provide ongoing support for budgeting and cash flow management, helping trustees make informed decisions.
What are the benefits of using a local accountant for my charity?
Using a local accountant offers the advantage of face-to-face meetings and a deeper understanding of the local community and funding environment. They are often more accessible for regular consultations and can provide tailored advice that considers local opportunities and challenges. Additionally, supporting a local professional helps strengthen the local economy and fosters a closer working relationship.
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