Charities and Not for Profit
Specialist charity accountants in Somerset, CICs and not for profit
At PW John & Co Accountants in Somerset we appreciate that as a charity, CIC or not for profit organisation, accounting may not be at the top of your priority list. As a charitable organisation, you exist to help others and we understand that many charity organisers are not accountants.
We have been helping voluntary organisations in various areas of finance and accounting for over 40 years. Our experienced team can help you to manage all of your accountancy and tax needs, so that you have more time to focus on your organisations core aims.
Why use specialist charity accountants?
Accounting requirements for charities differ to those for commercial companies and an inexperienced accountant may struggle to understand the unique applications. Charities do not exist to make a profit and they do not necessarily receive monies in return for goods or services. This makes things very different in the appearance of the accounts.
Our team of specialists can assist with all of your accountancy and tax needs including;
- Statutory accounts preparation (compliant with Charities Act and SORP where required)
- Charity Audits and independent examination of year end accounts
- Filing annual returns at Charity Commission and Companies House
- Advising trustees on the requirement of trustees report
- Corporation tax
- Payroll
- VAT returns, including managing partial exemption scheme
Charity accounting compliance and assurance
It’s important that charities remain transparent and legislation requires that most charities conduct an annual external audit or examination of charity accounts.
At PW John Accountants, we can meet all of your Charity Audit requirements.
Charity tax and VAT
VAT for charities can be particularly complex.
As charity accountants, our specialist team possess a detailed knowledge of charity tax exemptions and relief and will help you to structure your activities in the most tax efficient way.
We will provide you with a clear understanding of your obligations and help you to avoid any potentially costly mistakes.
Contact our team of charity accountants
We offer a variety of fixed rate accounting and book keeping packages tailored specifically for charities, CICs and not for profit organisations and our dedicated team of accountants are always on hand to deliver expert advice and support whenever you need it. We will work with you in any way that suits you – in person, on the phone or online.
Please contact us to find out how our expert charity accountants could help you. Or book a free consultation to discuss your requirements in more detail. We look forward to hearing from you soon!
Here are some more resources that you might find useful;
Alternatives to setting up a charity
The pros and cons of setting up a charity
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FAQs – Charity Accountants
Can you help with making tax digital for charities?
Yes. At PW John & Co, we are specialists in Cloud accounting software and can help with all aspects of MTD to ensure that you and your charity are fully compliant.
What is the best charity accounting software?
There is a variety of accounting software available for charities. The right accounting software will save you time, enhance your decision making and streamline your accounts preparation. Our team are proficient in most software packages and can advise you on the most suitable option for your charity.
Do you provide tax advice for charities?
Yes. We can assist with all of your accounting and tax needs. Our team posses over 10 decades of combined accounting experience – so you can rest assured that your charity will be in safe hands with us.
Can you help with my charity audit?
Yes. We are fully registered to perform charity audits. Our accredited auditors will check that your accounts are fully compliant with statutory requirements with minimum disruption to your business.