
ACCOTAX - Accountants & Tax Consultants
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

NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More

TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More

LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More

Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More

GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More

MJF ACCOUNTANCY LIMITED

Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.

BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More

PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More

GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More

Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More
Frequently asked questions
What specific services do accountants for charities provide?
Accountants for charities provide a range of services tailored to the voluntary sector. These include preparing annual accounts and trustees' reports, managing restricted and unrestricted funds, and ensuring compliance with the Statement of Recommended Practice (SORP). They also handle Gift Aid claims, payroll for charity staff, and VAT reporting. Additionally, they assist with Corporation Tax returns and provide strategic financial advice to help trustees make informed decisions. Their expertise ensures that your charity meets all regulatory requirements whilst maintaining financial transparency.
How do I choose between ACCA, ICAEW, or AAT qualified accountants?
Choosing between ACCA, ICAEW, or AAT qualified accountants depends on the complexity of your charity's finances. ACCA and ICAEW chartered accountants typically have extensive experience with larger charities and complex tax matters, including Corporation Tax and VAT. AAT qualified professionals are well-suited for day-to-day bookkeeping and preparing management accounts. All three qualifications are recognised and regulated, ensuring a high standard of professionalism. Consider the size of your charity and the level of support you require when making your decision.
What are the HMRC filing deadlines for charities?
Charities must meet several HMRC deadlines, including the annual Corporation Tax return deadline, which is usually 12 months after the end of your accounting period. If your charity employs staff, you must also submit payroll information through RTI on or before each payday. Additionally, Gift Aid claims should be submitted at least once a year. Missing these deadlines can result in penalties, so it is advisable to work with an accountant who can track important dates and ensure timely submissions to HMRC.
Can an accountant help with Gift Aid claims and compliance?
Yes, an accountant can significantly assist with Gift Aid claims and compliance. They will ensure that your charity has the correct declarations from donors and that all records are accurate and up-to-date. They can also calculate the amount of Gift Aid you are entitled to reclaim from HMRC and prepare the necessary submissions. Furthermore, they will advise on how to handle donations from higher-rate taxpayers and ensure that your charity complies with HMRC's Gift Aid rules, avoiding potential errors and penalties.
What is the role of a treasurer versus an external accountant?
A treasurer is typically a volunteer trustee who oversees the financial management of a charity, including budgeting and presenting accounts to the board. An external accountant, however, provides independent expertise and can prepare statutory accounts, conduct audits, and offer specialist tax advice. While a treasurer handles day-to-day financial oversight, an external accountant ensures compliance with legal standards and provides a higher level of technical knowledge. Many charities benefit from having both, as they complement each other's roles effectively.
How often should my charity review its accounting arrangements?
It is recommended that charities review their accounting arrangements at least once a year, ideally before the start of a new financial year. This allows you to assess whether your current accountant is meeting your needs and whether your financial procedures are efficient. Additionally, if your charity experiences significant growth or changes in funding, a review may be necessary sooner. Regular reviews help ensure that you are receiving the best value for money and that your financial reporting remains accurate and compliant.
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