• Cheltenham 01242 241998
  • London 020 7118 4422

CHARITIES & CHARITABLE INCORPORATED COMPANIES (CIC)

We have experience in the charity sector and are fully conversant with the rules and regulations governing charities and CICs. Our experience enables us to provide specialist expertise to this sector.

The services Tax Compute offer include the following:

  • Preparing and independently examining the accounts to ensure compliance with the Statement of Recommended Practice (SORP)
  • Providing easy to understand and easy to use bookkeeping solutions
  • Secretarial duties and filing the accounts and the annual charity return to the Charity Commission
  • Filing the accounts for CICs to Companies House
  • Advising on governance and best practice
  • VAT advice
Charities

TAX RETURNS

We carry out an analytical review and quality checks before submitting your tax return. We ensure compliance and timely submission.

MANAGEMENT ACCOUNTS

Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy.

VAT RETURN

The VAT return shows the calculation of the amount of VAT due on sales minus the amount of VAT reclaimable on purchases. The result is the amount payable to HMRC.

BOOK KEEPING

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation

PAYROLL

Within a company, payroll is the combination of all of the financial records of their employees' salaries, wages, bonuses and deductions. In accounting, the term payroll signifies the amount that has been paid out to employees for the services they have done for the organization within a certain period of time

CORPORATION TAX

Corporation tax is a tax placed on the taxable profits of limited companies and other organisations such as clubs, societies, associations, and unincorporated entities.

COMPANY FORMATION & BUSINESS START-UP

You can register online with Companies House if your company is limited by shares and uses standard articles of association (known as 'model articles'). Otherwise, you must use a different method of registration. Your company will also need to register for Corporation Tax within 3 months of starting to do business

CONTRACTORS & FREELANCERS

Working outside the scope of IR35 and knowing what is claimable are the two most important issues when freelancing or contracting.