Not for profit
Making doing good, easier
Not for profits have just as much of a need for accounting services as regular businesses. It can be a minefield for charities, community interest companies and other not for profit organisations. However, we don’t believe that compliance and tax regulation should get in the way of an organisation doing real good in the world.
That’s why Cottons is committed to our accounting services for not for profits. We’ll prepare your charity accounts according to the statement of recommended practice (SORP), ensuring that all your funds are properly accounted for – pledges, donations, investments, etc. With us, your non-profit organisation will be transparent and fully compliant.
As a charity, you can get certain tax reliefs if HMRC recognises you. Charities don’t pay tax on most types of incomes (unless they are used for non-charitable purposes). They also pay tax on certain dividends and profits from developing land or property. Meanwhile, there are special VAT rules for charities. Don’t get confused when it comes to accounting for non-profit organisations. Get the experts in instead.
Want to take the next step?
If you're looking to further your business, our team is waiting to hear from you.
How we help
Accounts & outsourcing
Complete accounting solutions – from management accounts to outsourcing support.
Our accounting services
Tax services
Covering the basic and the complex. Saving you time and money wherever possible.
Our tax services and advice
Corporate finance
From mergers and acquisitions to MBOs, we will help things run effectively and smoothly.
Corporate finance services
Audit & assurance
Sharp-eyed, thorough auditors with a promise to prioritise efficiency and accuracy.
Audit & assurance services
Business advisors
Providing practical advice on how to strengthen your business's structure and push forward.
Business advisory services
From industry news to opinions from our experts, we’re all about sharing useful information and insight.
It can be hard to keep track of all the financial and regulatory changes or news you need to stay on top of when you’re running a business – but that’s why we’re here. In our blog, you’ll find useful updates and information from our team, stripped of jargon and made easy to understand.
The new audit thresholds for 2024
Earlier this year, then-PM Rishi Sunak announced there would be new audit thresholds introduced in October 2024.
The new audit thresholds for 2024
Earlier this year, then-PM Rishi Sunak announced there would be new audit thresholds introduced in October 2024.
What to look for when choosing accounting software: a guide for SMEs.
Explore how accounting software can save time, cut costs, and drive growth. This guide highlights the benefits of cloud solutions and top tools for SMEs, helping you streamline finances and plan for success.
What to look for when choosing accounting software: a guide for SMEs.
Explore how accounting software can save time, cut costs, and drive growth. This guide highlights the benefits of cloud solutions and top tools for SMEs, helping you streamline finances and plan for success.
Ready to connect?
If you’re curious about how we can help you, please reach out: our team is very keen to hear from you.
