
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

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

SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More
Frequently asked questions
What should a charity look for in an accountant?
A charity should seek an accountant who is familiar with the Charities Statement of Recommended Practice and has experience with charity-specific tax rules. Look for qualifications from recognised bodies such as ACCA, ICAEW, or AAT. The accountant should be able to manage Gift Aid, prepare restricted fund accounts, and provide clear advice to trustees on financial governance and compliance.
How can an accountant help with HMRC compliance for a charity?
An accountant can assist with HMRC compliance by ensuring your charity meets all reporting deadlines and correctly claims tax reliefs such as Gift Aid. They can advise on Corporation Tax for trading subsidiaries, VAT obligations, and payroll taxes. Their expertise helps avoid penalties and ensures that your charity remains in good standing with HMRC.
What are the benefits of using an ACCA or ICAEW qualified accountant?
ACCA and ICAEW qualified accountants have undergone rigorous training and adhere to strict ethical standards. They possess advanced technical knowledge in charity finance, audit, and tax. Using such a professional provides assurance to trustees and donors that your accounts are prepared accurately and that your charity operates with financial integrity.
Can an accountant help with Gift Aid and other charity tax reliefs?
Yes, an experienced charity accountant can manage Gift Aid claims, ensuring that all eligible donations are maximised. They can also advise on other reliefs such as the charitable donations deduction for Corporation Tax and VAT exemptions. Their expertise ensures you claim everything you are entitled to whilst staying compliant with HMRC rules.
How often should a charity review its accounting arrangements?
It is advisable to review your accounting arrangements annually, or whenever there are significant changes in your income, structure, or activities. Regular reviews ensure that your financial systems remain efficient and that you are receiving the most appropriate level of support. An accountant can help assess whether your current arrangements are still fit for purpose.
What is the role of an accountant in preparing a charity's annual return?
An accountant plays a crucial role in preparing the annual return, which includes financial statements and governance information. They ensure that accounts are prepared in accordance with the applicable framework, such as the Charities SORP, and that all required disclosures are made. Their input helps trustees meet their legal responsibilities and provides transparency to stakeholders.
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