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Allenby Accountants provides a comprehensive range of charity accounting services, including setting up of a charity, audits and account preparation, personal taxes and bookkeeping.
Charity accounting is one of the specialists of Allenby Accountants. At Allenby, we understand that many charities and trusts cannot afford to have full-time accountants in their firm, which is why we offer charity accountants in London on contractual basis, giving them the same benefits of having an accounts department without the expensive charges. As specialists, we ensure that every charity accounting client receives a dedicated team of individuals, who understand the complexity of regulatory requirements and maximizes benefits through professional advice.
At this point of time, charities throughout the country are facing extensive challenges due to regulations and legal frameworks, hassling with complex tax regimes and handling risk exposure, fundraising issues and stakeholder demands. But choosing Allenby’s charity accountants in London will help in easing the burden as our professionals are members of ICAEW Charity and Voluntary Sector Special Interest group, who conduct research and tailor services to suit the requirements of each client.
Our charity accounting services include
Consultancy and advice for charity projects
Helping new charities get started using legal structure, governing documents
Advising on securing funding
Preparation of budgets
Handling charity’s business plans and understanding their statutory obligations
Registering, recording and maximizing gift aid potential through different schemes
Launch small or full-scale trading operations
Assisting with charity taxes and comprehensive VAT Reviews
Providing information about saving VAT
Configuring accounting software for VAT and taxes
Most individuals and groups hoping to start a charity erroneously believe that their charities would be exempted from tax. But that’s not true! While charities can get tax emptions on corporation, income and capital gains tax, they still have to pay certain taxes, like VAT. At the same time, it can be difficult or tricky to know which exemptions and reliefs can be applied to one’s charity.
This is where we can help. Our professionals have detailed knowledge of charity tax exemptions and have practical experience to structure your activities for tax benefits. So, choose to follow our advice and assistance when it comes to selecting charity accountants in London.