In recent years, charities have felt under pressure, a combination of reduced investment from central government combined with economic uncertainty – more people are looking for help from charities, while at the same time fewer people feel able to give. In this context, careful and meticulous accounting isn’t just nice to have – it’s essential.

It only takes one or two examples of fraud or financial mismanagement for faith in the entire concept of supporting charity to take a substantial knock. This is one reason why the use of charity status in tax avoidance schemes has been such a hot topic of late.

Read our article for an overview of accountancy issues in the charity sector including the following areas:

  • What counts as a charity?
  • Gift Aid
  • Tax reliefs on gifts to charity

Contact us for advice on charity accounting or donations.