
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 does a charity accountant do differently from a general accountant?
A charity accountant specialises in fund accounting, restricted and unrestricted income, Gift Aid claims and charity-specific reporting standards. They prepare trustee reports, receipts and payments accounts or accruals accounts, and ensure compliance with the Charity Commission and HMRC. General accountants may lack this specialist knowledge, so choosing a firm experienced in the charitable sector is essential for accurate reporting and governance.
Do charity accountants need to be regulated by ACCA, ICAEW or AAT?
Yes, working with a regulated professional provides assurance of technical competence and ethical standards. ACCA, ICAEW and AAT members must meet continuing professional development requirements and adhere to strict codes of conduct. For charities, this means accounts and tax returns are prepared correctly, reducing the risk of penalties, regulatory scrutiny or loss of charitable status due to errors.
Can a charity accountant help with HMRC Gift Aid claims?
Yes, specialist charity accountants regularly prepare and submit Gift Aid claims to HMRC, ensuring that eligible donations are correctly identified and that the necessary records are maintained. They can also advise on Gift Aid Small Donations Scheme claims and help trustees understand which income qualifies. Accurate claims increase charitable income whilst reducing the risk of HMRC enquiries or repayment demands.
What is the difference between an independent examination and an audit for charities?
An independent examination is a lighter-touch review required for many smaller charities, conducted by a qualified person such as an ACCA or ICAEW member. An audit is a more detailed statutory examination required for larger charities exceeding certaincome thresholds. A charity accountant can advise which applies and carry out the appropriate review, ensuring compliance with the Charity Commission's requirements.
How do charity accountants assist with VAT and Corporation Tax?
Charities face complex VAT rules, including partial exemption and business versus non-business activities. Accountants help determine recoverable VAT and advise on trading subsidiaries. For Corporation Tax, they assess whether trading income exceeds permitted limits and whether a subsidiary structure is needed. They also prepare any required Self Assessment returns for trustees where applicable, ensuring HMRC obligations are met correctly.
How can AccountingFirms help me find a charity accountant in Woking Surrey?
AccountingFirms.co.uk, established in 2019 and built by ICAEW and ACCA accountants, allows users to browse and compare verified, regulated professionals. Trustees can filter firms by specialism, location and client reviews, then request quotes directly. This simplifies the process of finding accountants experienced in charity accounts, Gift Aid, VAT and HMRC compliance, saving time and supporting informed decision-making.
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