
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

Matrix Accountancy Services
"Offering a friendly and professional service, I provide ongoing advice and support for every stage of your business journey. As an AAT Licensed Acc...See More

Matrix Accountancy Services Limited
Will Farmer FMAAT, AAT Licensed Accountant and Director of Matrix Accountancy Services Limited Hi I'm Will, In 2012 I...

Pharmatax
Pharmatax is a leading specialist in pharmacy accounting, offering tailored services that go beyond traditional bookkeeping. O...See More
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FLEXIE ACCOUNTANTS LTD
Flexie Accountants is a reputable accounting firm, providing accounting, finance and tax services to sole traders, partnership and Limited companies. ...See More

Zak Partnership
The Zak Partnership have long recognized the importance of working closely with both our clients and our broader partner supplier community as a whole...See More

Msi Accountancy Services
At MSI - Accountants & Bookkeepers - We have a strong network of Accountants, Bookkeepers & Tax Advisors who are very friendly and down to earth and a...See More

Capital Accountancy - Accountants & Tax Advisors
WE at CAPITAL ACCOUNTANCY specialises in helping small-to-medium sized businesses, sole traders, contractors and landlords. We make sure you pay the r...See More

ADD- WORTH ACCOUNTANCY LTD
Helping business owners make sense of their numbers. 30+ years of progressive finance and accounting experience in various industries. Offering expert...See More

Naseems Accountants
Established in 1978, Naseems Accountants is a small but growing business with our clients doubled over the last decade. We honor ourselves in ou...See More
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Raven Solution
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AMSTOR ACCOUNTANTS LIMITED
Amstor Accountants Limited T/A Premier Accountants, Auditors and Tax Advisers want to help you pay less tax and keep more of the profit your business ...See More

T.Y.E BOOKKEEPING LTD
For all your bookkeeping needs from self assessments, VAT returns, EC Sales List, general bookkeeping for sole traders or small businesses. I work on ...See More
HHR ACCOUNTANCY LTD
Accounting & Bookkeeping Solutions

Business Partners Accountants & Bookkeepers
An accounting firm for all your accounting and bookkeeping needs Business Partners Accountants & Bookkeepers is a reputable accounting firm serving so...See More

MRC Accounting Services
Providing accounting services and solutions
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Additions Accountancy
Welcome to Additions Accountancy Looking for Grantham Accountants? We are a firm of accountants in Grantham with a strong customer service ethos and ...See More
Frequently asked questions
What qualifications should a charity accountant hold?
A charity accountant should ideally hold a recognised professional qualification from bodies such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has undergone rigorous training and adheres to high ethical and technical standards. Additionally, experience with charity SORP and knowledge of Charity Commission requirements are essential for effective financial management and reporting.
How often should a charity submit financial reports to HMRC?
Charities must submit an annual return to HMRC, which includes details of income and expenditure. The frequency of other HMRC submissions, such as Corporation Tax or VAT returns, depends on the charity’s activities and whether it is registered for these taxes. A qualified accountant can help determine the correct reporting schedule and ensure all deadlines are met.
What is Gift Aid and how can an accountant help with it?
Gift Aid allows charities to reclaim basic rate tax on donations from UK taxpayers, increasing the value of each gift by 25 percent. An accountant can help your charity maintain the necessary records, calculate eligible donations, and submit claims to HMRC. They can also advise on compliance requirements to ensure that Gift Aid claims are valid and accurate.
Can an accountant assist with preparing an independent examination?
Yes, many qualified accountants are licensed to carry out independent examinations for charities whose income is below the threshold for a full statutory audit. This involves reviewing the charity’s financial records and providing a report to the trustees. An accountant with ICAEW or ACCA accreditation is well-placed to perform this role, ensuring compliance with charity law.
How does a charity accountant help with VAT and Corporation Tax?
Charities may be liable for VAT on certain supplies and can sometimes claim refunds on purchases. An accountant can advise on VAT registration, partial exemption calculations, and completing VAT returns. Similarly, if a charity carries out non-charitable trading, it may owe Corporation Tax on profits. An accountant will help structure activities to minimise tax liabilities while remaining compliant with HMRC.
What should trustees look for when choosing an accountant?
Trustees should look for an accountant who is a member of a recognised professional body such as ACCA or ICAEW, has specific experience with charities, and understands the regulatory framework. It is also important to consider the accountant’s familiarity with the charity’s size and sector. A good accountant will offer proactive advice on financial controls, budgeting, and tax planning.
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