The charity sector has grown over the last twenty years, mainly due to the increased amount of disposable income accumulated during the “good times”. A large number of new not-for-profit organisations have emerged, provoking a new need for increased transparency in financial reporting.
As the charity sector is driven by donations and volunteers, public confidence needs to remain high for the sector to sustain itself. As new and 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. TGS have highly experienced tax staff and business advisers qualified in this sector. We can assist operating officers to maximise their net revenue by optimising tax benefits available to their organisations and ensuring the necessary compliance obligations are met.
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