
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 in an accountant?
A charity should seek an accountant with specific experience in non-profit accounting, including knowledge of the Charities SORP, fund accounting, and Gift Aid. Professional qualifications such as ACCA, ICAEW, or AAT indicate a high standard of training. It is also important to check that the accountant is regulated and understands HMRC requirements for charities, including VAT and tax exemptions.
How do qualified accountants help charities with HMRC compliance?
Qualified accountants ensure that charities meet all HMRC obligations, such as submitting accurate tax returns, claiming Gift Aid correctly, and managing VAT registration or recovery. They advise on Corporation Tax exemptions for charitable activities and help with Self Assessment for any trading income. This reduces the risk of penalties and ensures the charity remains compliant with tax laws.
What is the benefit of hiring an ACCA or ICAEW accountant for a charity?
ACCA and ICAEW accountants are professionally regulated and must adhere to strict ethical and technical standards. They receive ongoing training in charity-specific regulations, including the Charities SORP and HMRC rules. This expertise helps charities produce accurate accounts, maintain transparency, and make informed financial decisions, which builds trust with donors and regulators.
Can an accountant help a charity with Gift Aid claims?
Yes, an accountant experienced in charity finance can manage Gift Aid claims, ensuring that the charity claims the correct amount from HMRC. They will verify donor eligibility, maintain accurate records, and submit claims on time. This maximises income from donations and reduces administrative burden, allowing the charity to focus on its charitable activities.
How often should a charity have its accounts audited or examined?
The requirement for an audit or independent examination depends on the charity's income and gross assets. Many smaller charities need an independent examination, whilst larger ones may require a full audit. An accountant can advise on the specific thresholds and conduct the necessary review to ensure compliance with the Charity Commission and other regulators.
What support can an accountant provide for charity payroll and pensions?
An accountant can manage payroll for charity employees, ensuring correct tax and National Insurance deductions, and handle pension auto-enrolment obligations. They can also advise on salary sacrifice schemes and Gift Aid on payroll giving. This ensures the charity complies with employment regulations and HMRC requirements whilst supporting its workforce effectively.
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