
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

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

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

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

MJF ACCOUNTANCY LIMITED

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

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

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...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
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
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
Frequently asked questions
What specific experience should a charity accountant have?
A charity accountant should have a thorough understanding of the Charities Act and the Statement of Recommended Practice (SORP). They should be familiar with restricted funds, fund accounting, and the preparation of trustees' annual reports. Experience with Gift Aid claims and dealing with HMRC on charity tax matters is also essential. Look for someone who has worked with organisations of a similar size to yours.
How often should a charity review its accounting arrangements?
It is advisable to review your accounting arrangements at least once a year, ideally before your financial year end. This allows you to plan for any changes in legislation or your own activities. A regular review ensures that your accounting systems remain efficient and that you are receiving the best possible advice. It also provides an opportunity to reassess your budget and cash flow forecasts.
What is the difference between an ACCA and an ICAEW qualified accountant?
Both ACCA and ICAEW are prestigious professional bodies that require rigorous exams and ongoing continuing professional development. ACCA has a strong international focus, whilst ICAEW is often seen as more UK-centric, though both are highly respected. The choice between them often comes down to the individual's specialism and experience. For charity work, look for a member who has completed additional training in the voluntary sector.
Can an accountant help my charity with VAT returns?
Yes, a qualified charity accountant can assist with VAT returns, ensuring that you correctly account for VAT on your income and expenditure. They will help you identify which of your activities are exempt, zero-rated, or subject to the standard rate. They can also advise on partial exemption calculations and whether you should be registered for VAT. This expertise can save your charity money and prevent costly errors.
How do I know if my charity needs an independent examination or a full audit?
The requirement for an independent examination or a full audit depends on your charity's gross income and total assets. Charities with an income above £1 million are usually required to have a statutory audit, whilst those with income between £25,000 and £1 million may only need an independent examination. However, your governing document may impose stricter requirements. A professional accountant can advise you on the exact legal obligations that apply to your charity.
What records must a charity keep for HMRC purposes?
Charities must keep accurate financial records for at least six years, including receipts, invoices, bank statements, and payroll records. You must also keep records of any Gift Aid declarations and the amounts claimed. If your charity trades or has any taxable income, you will need to maintain detailed records for Corporation Tax. A professional accountant can help you set up a robust record-keeping system that satisfies HMRC requirements.
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