the need for transparency has never been greater
The charities sector has grown over the last twenty years due, in no small part, to the considerable amount of disposable income that there was during the “good times”. This period produced a large number of new not-for-profit organisations which provoked a new need for increased transparency in financial reporting.
This sector is driven by donations and volunteers so public confidence needs to remain high in order for the sector to sustain itself. As ever more complex accounting regulations have been introduced, there has been a steady increase in the need for professional advice and assistance.
Similar regulations apply to other not-for-profit organisations such as educational establishments, trade unions, housing associations and other bodies subject to public accountability.
As usual, the devil is in the detail and CB has hugely experienced tax staff and business advisers in this sector and can assist operating officers in maximising their net revenue by eking out as much tax benefit available to their organisations as there is possible to do so whilst at the same time supplying the necessary compliance obligations.