
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
Frequently asked questions
What should a charity look for when choosing an accountant in Rhondda Cynon Taff?
A charity should seek an accountant with specific experience in the voluntary sector, ideally a member of ACCA, ICAEW, or AAT. They should understand the Charity Commission’s reporting requirements, be familiar with preparing accounts under the Charities SORP, and have a solid grasp of Gift Aid and other tax reliefs. It is also wise to check that the accountant is registered with a professional body and holds appropriate indemnity insurance.
How can an accountant help with HMRC compliance for a charity?
An accountant can assist with various HMRC obligations, including registering for VAT if turnover exceeds the threshold, preparing VAT returns and claiming reliefs on eligible purchases. They can also manage PAYE and payroll for charity employees, ensure correct treatment of taxable income from trading activities, and prepare any necessary Corporation Tax returns. Their expertise helps avoid penalties and ensures accurate reporting.
What is the Charities SORP and why is it important?
The Charities Statement of Recommended Practice (SORP) sets out the accounting framework that charities must follow when preparing their annual accounts. It ensures consistency and transparency in how funds, including restricted income, are reported. An accountant familiar with the SORP will help your charity present its financial activities clearly to trustees, donors, and the Charity Commission, demonstrating proper stewardship of public money.
Can an accountant help with Gift Aid claims and donor records?
Yes, an accountant can ensure your charity claims Gift Aid correctly on eligible donations. They will help you maintain the necessary donor declarations and records, calculate the amount reclaimable from HMRC, and submit the claim on time. They can also advise on how to handle donations from companies and higher-rate taxpayers, ensuring you maximise the benefit of every contribution.
Are the accountants listed on AccountingFirms regulated and qualified?
Yes, all professionals listed on AccountingFirms.co.uk are verified and regulated. The directory was established in 2019 by ICAEW and ACCA qualified accountants, and every firm featured must hold relevant qualifications and professional indemnity insurance. This ensures you can browse and compare providers with confidence, knowing they meet rigorous professional standards.
What ongoing support can a charity accountant provide throughout the year?
Beyond year-end accounts, a charity accountant can offer ongoing support such as bookkeeping, management accounting, budgeting, and cash flow forecasting. They can assist with payroll, VAT returns, and tax planning, and provide advice on financial controls and governance. Regular meetings help trustees make informed decisions and ensure the charity remains financially healthy and compliant with all regulations.
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