The specialists at JW Hinks are dedicated to ensuring that charities minimise their tax liabilities while remaining compliant with all the relevant legislation.
Therefore, we can advise charities on when it is necessary to use a trading subsidiary, and how this can be the most tax-efficient structure, even when it is not a legal requirement.
Furthermore, we can ensure that charitable organisations make maximum use of Gift Aid, including when taking part in adventure fundraising events and receiving sponsorship. Our specialists will also ensure that income from these sources receives the best tax treatment possible.
When deciding on how to invest the charity’s funds, trustees need to take into account the needs of the organisation and the level of risk involved. We can help assess these requirements and advise trustees on who should be making the investments on the charity’s behalf.
JW Hinks offers a comprehensive administration and processing service for payrolls, removing a costly burden from the shoulders of charities.
We carry out all the necessary calculations – including PAYE, national insurance, statutory sick pay, maternity pay, working families’ tax credit and student loan deductions – and prepare payslips. Our service includes the submission of year end returns to HM Revenue & Customs, ensuring that you stay compliant.
We can also advise on other employment financial issues, including benefits in kind and pensions.
For more information on our taxation, investment and employment services, please contact us.