The financial and tax regulatory regime faced by charities is very different and often goes far beyond those faced by commercial companies. Not-for-profit organisations face additional complex legislation and accounting rules that make specialist knowledge essential for compliance.
At Alexander Marshall we look after our clients in this sector, ensuring clients fully comply with relevant legislation and statutory disclosure and filing requirements.
Areas such as income recognition, internal controls, budgeting, and cost control, restricted, unrestricted and designated funds, not to mention taxation and VAT all require the specialist knowledge we can provide, often helping to take advantage of tax opportunities.
In addition, we offer advice on subjects like formation of charitable entities, Gift Aid, the tax implications of charitable trading, along with grant and lottery applications. For smaller charitable clients, we offer a range of accounting support including preparation of management and statutory accounts, independent examination, payroll services and VAT accounting.