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EXPEDIENT ACCOUNTANCY
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Hayes Accountants
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DIrect Assist accountants Ltd
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MINT FORMATIONS LTD
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City Tax London
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Taxeasy Ltd
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Numerii Ltd
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MAKESWORTH LIMITED
Makesworth
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BARNES MAYER LIMITED
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Financial Partnership London
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TITUS ACCOUNTS LTD
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Not Just Bookkeeping Ltd
Friendly Consulting offers a wide range of consulting services for several indu...
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" Accountify – Chartered Certified Accountants"
A firm of Chartered Certified Accountants based in London and Portsmouth. Accountify is an established brand in Accounting and Tax, serving its client...See More

Fitzgeralds Accountants Limited
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Startup Accountants
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Frequently asked questions
What qualifications should I look for in an accountant for my charity?
You should look for an accountant who is a member of a recognised professional body such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has undergone rigorous training and adheres to ethical standards. Additionally, it is beneficial to find someone with specific experience in the charity sector, as they will understand SORP and other regulations.
How can an accountant help with HMRC reporting for a charity?
An accountant can assist with all HMRC reporting requirements, including filing annual returns and claiming tax reliefs such as Gift Aid. They will ensure that your charity meets its obligations for Corporation Tax, if applicable, and help with VAT returns. Their expertise reduces the risk of errors and penalties.
What is the role of an accountant in preparing charity accounts?
An accountant prepares your charity’s annual accounts in line with the Charities SORP and the Companies Act if your charity is a company. They will ensure that funds are properly allocated between restricted and unrestricted categories, and that the accounts give a true and fair view. This is crucial for trustees and donors.
Are there specific VAT rules for charities that an accountant will handle?
Yes, charities have special VAT rules, including reliefs on certain purchases and reduced rates for some supplies. An accountant will identify these opportunities and ensure your charity does not overpay VAT. They will also manage VAT returns and advise on partial exemption calculations if your charity makes both taxable and exempt supplies.
How often should my charity review its accounting arrangements?
It is advisable to review your accounting arrangements annually, or whenever there is a significant change in your charity’s activities or income. Regular reviews help ensure that your financial systems remain efficient and compliant. An accountant can conduct a health check and recommend improvements to internal controls.
Can an accountant help with Gift Aid claims and records?
Absolutely. An accountant will ensure that your Gift Aid claims are accurate and that you maintain the necessary declarations and records as required by HMRC. They can also advise on how to maximise your claims and avoid common pitfalls, such as claiming on ineligible donations.
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