Our accountants and tax advisers specialise in helping not-for-profit organisations
As a not-for-profit or charity organisation, a large amount of your time is probably taken up trying to balance fundraising concerns with being able to demonstrate your organisation is sustainable, financially transparent, accountable and responsible.
At Rowleys, we know striking that balance is no easy task but it is a task we can definitely help you with.
Whether you’re a charity, a social enterprise, a community interest company, a membership or a trade body, our dedicated not-for-profit team can provide all of the specialist tax, VAT and compliance advice you need. In addition, we can also share the wider commercial perspective you may need to help you take the next step.
The services we offer not-for-profit organisations include:
- Compliance health checks on gift aid, VAT and tax
- Corporation tax compliance service
- VAT structures and efficiencies, such as partial exemption methodologies
- Trading activities, using subsidiaries, social enterprises and Community Interest Companies (CICs)
- Gift aid systems and advice
- Training fundraisers on VAT and tax implications
And we are always on hand to discuss any additional projects you may be considering, answer any queries as they arise and help you find the right way to make the changes you think would benefit your organisation, regardless of what stage you’re at.
If you are just starting out we will help you to confirm that your activities are definitely best placed as a not-for-profit organisation, by qualifying your motives, your purpose, where your revenue will come from and whether a similar organisation already exists (this may have a bearing on you being granted non-profit status).
We can then guide you through the incorporation process and make the necessary applications if tax exemptions are available.
We can also help you draft your business plan. We’ll use our understanding of the not-for-profit sector to set out the most likely scenarios so you can work out which works best for you then make sure you are always working to the right budgets so your expenditure doesn’t exceed your income.
Once you are up and running we can help you develop your fundraising efforts, a revenue stream that could be crucial if you don’t immediately have any products or services to sell. Or if fundraising isn’t the right option, we’ll help you identify the potential sources of funding that may be available from either the public or private sector.
And, as your business develops we can provide the more specialist advice you’ll need to take the next step. You may want to explore Gift Aid reliefs or adopting mutual trading status or discuss how you could improve the way you manage your VAT or investment income tax considerations.