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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
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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

APRC Accountants
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Taxaccolega Chartered Accountants & Tax Advisers
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EFJ CONSULTING LTD
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Marden & Co Accountants Ltd
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Coman And Co Ltd
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Abu Umar & Co.
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Central London Accountants
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Cheap - Accountants
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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

SARA COOPERS ACCOUNTANTS LTD
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MONEYTREE FINANCIAL LTD
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AWS ACCOUNTANTS (LONDON) LLP

Tax Cruncher
Tax Cruncher is an online accounting &Tax consulting firm serving clients nationwide. Our aim is to help SMEs to grow their business by crunching thei...See More
Frequently asked questions
What qualifications should an accountant for a charity hold?
An accountant for a charity should ideally hold a recognised qualification from a professional body such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has undergone rigorous training and adheres to strict ethical standards. Additionally, they should have experience with charity-specific accounting, including SORP compliance and the preparation of annual reports. Checking their membership status with these bodies provides assurance of their competence and professionalism.
How can a charity accountant help with HMRC compliance?
A charity accountant can assist with HMRC compliance by ensuring your organisation meets all filing deadlines, such as Corporation Tax returns and VAT returns. They can advise on tax reliefs available to charities, including Gift Aid and business rates relief. They also help with PAYE for employees and can manage any Self Assessment requirements for trustees. This proactive approach reduces the risk of penalties and keeps your charity in good standing with HMRC.
What is the role of an independent examiner for a charity?
An independent examiner reviews a charity's accounts to provide an independent opinion on whether they are accurate and comply with the Charities Act. This role is distinct from a full audit and is suitable for smaller charities with an income below the audit threshold. The examiner must be qualified and have the necessary skills to identify any issues. Engaging a professional accountant for this role ensures thorough scrutiny and helps maintain donor confidence.
Why is SORP important for charity accounts?
SORP, or the Statement of Recommended Practice, sets out the accounting framework that charities must follow when preparing their annual accounts. It ensures consistency and transparency across the sector, making it easier for donors, regulators, and other stakeholders to understand a charity's financial position. Compliance with SORP is mandatory for larger charities and recommended for smaller ones. An accountant experienced in SORP will ensure your accounts meet all necessary requirements.
Can an accountant help with Gift Aid claims for a charity?
Yes, an accountant can help your charity maximise Gift Aid claims by ensuring that all eligible donations are correctly recorded and that the necessary declarations are obtained from donors. They can also advise on the administration of Gift Aid, including how to handle donations from higher-rate taxpayers. Proper management of Gift Aid can significantly increase your charity's income, and an accountant will ensure compliance with HMRC rules to avoid any issues.
What should a charity look for when comparing accountants?
When comparing accountants, a charity should consider their experience with charitable organisations, their qualifications, and their understanding of the regulatory environment. It is also important to assess their approach to communication and whether they offer proactive advice on tax planning and financial management. Checking references and reviewing their professional standing with bodies like ACCA or ICAEW can provide additional assurance. A good accountant will take the time to understand your charity's unique needs.
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