HOW CAN ACCOUNTANTS HELP CHARITIES?
Released On 10th May 2022
Having an expert on hand to ensure accounts are in order and oversee bookkeeping tasks can ease the pressure on charity leaders.
Some charities may be unaware of the need to pay tax, or when they are eligible for tax reliefs, which experts can assist with complying with, to avoid falling foul of the rules.
For instance, to claim tax reliefs, charities and not-for-profit organisations must be recognised by HMRC through their online service.
Aside from financial affairs, charities may also need to contend with employing people, which comes with the added responsibility of organising payroll.
When it comes to payroll, it is essential for any employer, be it a business or charity, to ensure any tax owed is accurately calculated to reassure employees and avoid the pitfalls of owing tax.
In need of an accountant to support your charity? Contact our expert team today.
