There is very little regulation in this area and without the support of specialist organisations offering help and advice it is very easy to get it wrong. Without regular reviews mistakes can go unchecked for many years. When the mistakes finally come to light it can result in fines, penalties and years of unpaid taxes.
I have a large amount of experience in helping clubs and associations to fulfil their accounting obligations, and with the minimum of fuss and inconvenience as most people run these organisations on a voluntary basis and have to perform their management roll around busy home lives and work commitments.
To arrange a free no obligation consultation, please contact me.