UHY Ross Brooke Chartered Accountants
We work closely with many charities, and the most progressive of them are talking to us about the potential benefits of Artificial Intelligence (AI) for them. Here are some of the ways that we predict AI can help charities: Next steps As an firm of accountants which specialises in charities
Gift Aid Awareness Day is on 6th October 2022 and will be using the #TickTheBox tag. By raising awareness for charities to promote Gift Aid, it is hoped that more taxpayers will tick the box when making charitable donations, and, as all charities should know, that will increase the total value
By Caroline Webster – our Charity Specialist It is understandable that charity Trustees believe that an Independent Examination of the annual accounts gives some assurance over the completeness and effectiveness of internal financial controls. However, the review of controls is limited to those areas necessary to support the Independent Examiner’s
Businesses can find ways to help with the situation in Ukraine by answering calls for specific aid and goods and working to find solutions for those fleeing areas affected by the war. Homes for Ukraine The Homes for Ukraine scheme will allow individuals, charities, community groups and businesses in the
By Caroline Webster – our Charity Specialist With the arrival of Covid- related and other one-off or ongoing funding, many smaller charities are finding that they are tipping over the audit threshold this year. A charity in England and Wales must undergo an audit if: its income is more than
One of the best ways to help is by donating cash through trusted charities and aid organisations, rather than donating goods. Cash can be transferred quickly to areas where it is needed, and individuals and aid organisations can use it to buy what is most needed. Unsolicited donations of goods,
Gift Aid is a tax relief for individuals which enables them to give the income tax or capital gains tax that they pay directly to a charity on top of their donation. In effect it adds 25p for every £1 donated to a charity. Gift Aid is an important tax
With all our thoughts currently on the fantastic work that the NHS do, the amazing achievements of Captain (now Colonel) Tom Moore and the 75th VE Anniversary celebrations, many of us have been digging deep into our pockets and making donations to support the outstanding work that these charities do.