MAAP has acted for many different types of clubs and associations over the years ranging from sailing clubs, martial art schools and bowling associations.
It is important to distinguish between the accounting and taxation functions of running a club or association.
The members will expect the ruling committee to exercise a high standard of care in accounting for the way their money is spent. I have attended many an AGM where where the reading of the Income and Expenditure statement leads on to a lively debate.
What many clubs and associations often don’t realise, is that under current legislation if your organisation generate more than a £1,000 surplus in a year you should make a CT600 report to the HMRC under Corporation Tax rules each year.
Even if your surplus is much less than the £1,000 a year surplus, we still recommend you declare your existence to the HMRC. They will often acknowledge your existence but treat you as a dormant company in their system which requires no filing of annual accounst and tax returns. It is better to declare yourself first rather than be discovered by the HMRC and have to explain your situation under an open HMRC tax evasion enquiry.
With regards clubs and associations with surpluses over £1,000 a year you have two choices:
If you are looking for an accountant in the Bournemouth, Christhchurch, Ringwood or New Milton areas we would appreciate the opportunity to show you why MAAP would be a good choice.
You can either call us on 01202 482121 and have a long chat about your situation over the telephone, or indeed just make an appointment to meet us.
Either way, your call will be treated in the strictest confidence, and we do not follow up any enquiries once made.
It is important to match your needs with an accounting firm that has experience of dealing professionally with your sector.
Match one of the client profiles below, and you will know we can deliver the service you need at the fee level stated.
Call 01202 482121 for a free consultation.
Sigma House, 44 Willow Way
Christchurch, Dorset, BH23 1LA
Tel: 01202 482121