Contrary to popular belief, not-for-profit organisations and charities are liable to tax, but they do benefit from some significant tax reliefs and exemptions. However, when activities are undertaken outside an organisation’s charitable objectives, problems can arise, and professional advice is often needed.
We help Not For Profits clarify these grey areas. We work with organisations to make them aware of potential tax liabilities so they are not caught out owing precious funds to the tax man. Our specialist charity tax team works only with charities.
Our services include the following:
- advises charities on tax-efficient giving
- advises on gaining the maximum funds from donations, subscriptions, gifts and payroll giving
- helps structure trading and finance for a charity (including the use of trading subsidiaries)
- helps minimise VAT liability and ensure correct VAT payments