
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

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
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More

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

BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More

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

The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...See More
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More

DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More

TITUS ACCOUNTS LTD
I know that telling you the truth won’t make me very popular with other accountants. If I'm honest I never liked them much anyway. Chances are (if yo...See More

EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More

Hayes Accountants
Hayes Accountancy is your local accountancy service provider & part of the group BNW Accountants & Tax Consultants. We offer high-quality accounting a...See More

City Tax London
City Tax London provides unparalleled personalized accounting services and th...

MINT FORMATIONS LTD
We have over 100 years of combined industry experience, having worked with hundreds of startups and small businesses in every industry imaginable. We ...See More

Yourtaxhelp
Our motto is “Accountants and Tax Advisers with simple technology”. We will not stop being innovative or using cutting edge technology to help you out...See More

Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More

Taxeasy Ltd
TaxEasy Ltd is an experienced and proactive firm of certified accountants and bookkeepers offering high quality accounting services to clients through...See More

DOLAN ACCOUNTANCY LIMITED
If our name sounds familiar, don’t be surprised. Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. A...See More
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 that the accountant has undergone rigorous training and adheres to strict ethical standards. Additionally, experience with charity accounting is essential, as it involves specific regulations and reporting requirements. A qualified professional will be able to guide you through all aspects of financial management, from preparing annual accounts to ensuring compliance with HMRC.
How can an accountant help with HMRC compliance for my charity?
An accountant can assist with various HMRC requirements, including VAT registration and returns, Corporation Tax for any trading activities, and PAYE for employees. They will ensure that your charity claims all available reliefs, such as Gift Aid, and that you meet all filing deadlines. By keeping accurate records and preparing timely submissions, an accountant helps you avoid penalties and maintain good standing with HMRC.
What is the difference between an accountant and a bookkeeper for a charity?
A bookkeeper typically handles day-to-day financial transactions, such as recording income and expenses, reconciling bank statements, and managing payroll. An accountant provides a higher level of service, including preparing financial statements, advising on tax matters, and ensuring compliance with charity law. While a bookkeeper is essential for maintaining accurate records, an accountant offers strategic guidance and helps with complex reporting requirements.
Can an accountant help with the preparation of a charity's annual report?
Yes, an accountant with charity expertise can assist in preparing the annual report and financial statements that must be submitted to the Charity Commission. They will ensure that your accounts are prepared in accordance with the applicable accounting framework, such as the Charities SORP. This includes properly presenting restricted and unrestricted funds, and providing the necessary disclosures to meet regulatory requirements.
What should I consider when choosing an accountant for my charity?
When choosing an accountant, consider their experience with charities of a similar size and purpose. Check their qualifications and whether they are regulated by a professional body like ACCA or ICAEW. It is also important to assess their understanding of specific issues such as Gift Aid, VAT for charities, and the preparation of accounts under the Charities SORP. Finally, consider their location and availability, as a local accountant may offer more personal service.
How often should my charity review its financial arrangements with an accountant?
It is advisable to have a formal review of your financial arrangements at least once a year, ideally before your year-end. However, you may wish to meet more frequently, especially if your charity undergoes significant changes such as new funding, expansion of activities, or changes in trustees. Regular communication with your accountant ensures that you remain compliant and that any financial issues are addressed promptly.
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