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Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...

Williamslester Brilliant Accounting Services
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Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...

Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More

KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More
HUBBLE ACCOUNTANCY LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

TKI Bookkeeping & Accounts
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Financial Claims Consultants
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SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More
Modus Accountants Limited
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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...See More

DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More

Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More

Accounting etc. limited
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QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...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 that the accountant has undergone rigorous training and continues to meet high professional standards. Additionally, experience with charity accounting, including knowledge of the Statement of Recommended Practice, is essential for handling restricted funds and preparing accurate annual reports.
How can an accountant help with HMRC compliance for a charity?
An accountant can assist with all aspects of HMRC compliance, including registering the charity for VAT if its taxable turnover exceeds the threshold, preparing and submitting VAT returns, and claiming Gift Aid on eligible donations. They can also advise on payroll taxes for charity employees and ensure that any trading activities are correctly reported to HMRC, avoiding penalties and fines.
What is the role of an independent examiner for a charity?
An independent examiner reviews a charity's accounts to provide assurance that they are properly prepared and free from material errors. This role is often required for charities with an income below the audit threshold. The examiner must be independent and have the necessary skills and experience. A qualified accountant can act as an independent examiner, offering a thorough and objective review.
Do charities need to file a Corporation Tax return?
Charities are generally exempt from Corporation Tax on income used for charitable purposes, but they may still need to file a Corporation Tax return if they have taxable trading income or other non-charitable income. An accountant can determine whether a return is required and help prepare it accurately, ensuring that the charity claims all available exemptions and reliefs.
How often should a charity review its financial procedures?
It is advisable for a charity to review its financial procedures at least annually, or whenever there are significant changes in its operations or regulatory requirements. Regular reviews help identify weaknesses internal controls, ensure that funds are being managed effectively, and maintain compliance with the Charity Commission's guidance. An accountant can provide valuable support during these reviews.
Can an accountant assist with Gift Aid claims for a charity?
Yes, an accountant can help a charity maximise its income through Gift Aid by ensuring that all eligible donations are correctly recorded and claimed. They can advise on the necessary declarations from donors, calculate the amount of Gift Aid recoverable, and submit claims to HMRC. This can significantly boost a charity's funds with minimal administrative burden.
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