Looking for a social clubs accountant? Sterling Finance has worked with social clubs and working men’s clubs for several years. We have a unique understanding of their operational and financial requirements, making us the perfect partner for you.
Social Clubs and Working Men’s Clubs are accountable to their private members and the public. They have to provide certain information about the way in which they operate and how they use (spend) their resources. Social Clubs are able to carry out trading activities that are directly related to their non-profit making aims and objectives.
Social Clubs can get a refund on tax known as Gift Aid, if certain compliances are met to the satisfaction of HM Revenue & Customs. Also, the trading profits that your club makes may be exempt from tax, depending on the nature and scale of the trading activities. Work with our social clubs accountant, and we’ll be able to properly advise you of this.
We can help you:Apply for Gift Aid
Claim for Tax Refund
Meet legal compliance
Prepare annual accounts Prepare financial statements.
Social clubs are also allowed to trade as a way of raising money, as long as the level of trading is small and there’s no significant risk to their assets. If you are unsure about this, we can assist you to help you make the most of your funding.
Call us on 0161 339 4989 to speak to our social clubs accountant. We’ll speak in plain English and help you understand the options that are available to you.