Charity Accountancy Firms

Charity accountancy firms are often specialist accountancy companies with specific knowledge of taxation and book-keeping  laws for charities and not-for-profit organisations.

Charities are subjected to different laws and regulations to profit-making organisations, as their income is mainly from charitable donations.  Charity accountancy firms help not-for-profit organisations to spend their funds appropriately and in line with the strict regulations.

Charity accountancy firms will work from what is known as SORP 2005 or The Statement of Recommended Practice.  All charity accountancy firms will use these guidelines to aid charities in reporting their annual accounts.