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At Mitchell Associates, we offer a range of services to help your organisation achieve its financial goals. We understand that as a charity, you have unique accounting needs, and we are committed to providing you with personalised, high-quality service.
Charity accounting is a specialised field of accounting that focuses on the unique financial reporting requirements of non-profit organisations. These organisations are typically set up to support a charitable cause or to provide a public benefit, rather than to generate profits for their owners or shareholders. As such, their financial statements must reflect the fact that they are not driven by profit-making motives, but rather by a desire to make a positive impact on society.
One of the key differences between charity accounting and for-profit accounting is the way that revenue and expenses are reported. In the case of a for-profit company, revenue is generated through the sale of goods or services, and expenses are incurred in the process of producing those goods or services. The goal is to generate a profit, which is then distributed to shareholders or reinvested in the business.
Overall, charity accounting is a complex and important field that requires specialised knowledge and expertise. By working with a qualified accountant who understands the unique needs of non-profit organisations, charities can ensure that their financial reporting is accurate, transparent, and compliant with all relevant regulations and standards.
We can assist you with a wide range of accounting services, including bookkeeping, financial statement preparation, tax compliance, and more. We can also help you with trustee report and governance requirements, ensuring that your organisation is meeting all of its legal obligations.
In addition, we offer tax preparation services. We understand that navigating the tax code can be challenging, particularly for charities. Our experienced team can help you prepare your tax returns and ensure that you are taking advantage of all available deductions and credits.
Finally, we offer financial planning services to help you achieve your long-term goals. Whether you are looking to expand your operations, launch a new program, or simply improve your financial stability, we can work with you to develop a plan that meets your needs and helps you achieve your goals.
If Charity Accounting is service you are requiring, please get in touch via our Contact Us page.
Self Assesment
Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you're considering investments, a second home, or another asset.
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Corporation Tax
Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions.
In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.
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Capital Gains Tax
Whether you're considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax.
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Persoanl tax Planning
We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.
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We can ensure that your payroll service is efficient, accurate and timely – meaning you have one less thing to worry about.
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