Anyone who runs charities knows how it differs from running a business, both in terms of motives and objectives. HMRC treats non-profit organisations and charities very differently to businesses, offering some unique tax breaks in the process. If a charity is recognised by the tax authority, it will benefit from certain tax reliefs. This is[…]
An overview of accountancy issues in the third sector If you’re in charge of running a charity, you will know how it differs from operating a business and how its motives and goals vary. Non-profit organisations are treated very differently under the law, and managing a charity’s accounts can offer some unique challenges as a[…]
How to include charitable donations in your tax planning strategy.
How to include charitable donations in your tax planning strategy. Incorporating charitable giving into your tax planning strategy can be a useful way to reduce both your income tax and the inheritance tax (IHT) that will eventually become payable on your estate. As such, gifts may become an important component of both the estate planning[…]