The key issues
Specific accounting rules
Associations follow their own accounting standard: dedicated funds, volunteer contributions, grants.
Funders
Grants, agreements, financial reports: your partners expect reliable information on time. This specific work is organised to suit, depending on your funders.
Tax
Non-profit in principle, but some activities can make an association liable to commercial taxes.
Employment
Payroll, collective agreement, subsidised contracts: the association as an employer.
What we can take care of, à la carte
- Bookkeeping or review
- Annual accounts under the applicable standard
- Payroll and social filings
- Grant follow-up and financial reports, tailored
- Analysis of the tax situation
- Preparation of the general meeting
Statutory audit: above certain thresholds of grants or donations, an association must appoint a statutory auditor. Nadir El Jouaidi, registered statutory auditor, can act in that capacity, provided he is not also your accountant. See statutory audit
Frequently asked questions
Does an association have to keep accounts?
All associations must be able to account for their management. Full accounts become mandatory in some cases: significant economic activity, grants above thresholds, public fundraising.
What are dedicated funds?
Resources received for a specific purpose and not yet used at year end: they are carried forward in a dedicated account.
Does an association pay tax?
In principle not, when its management is disinterested and its activity non-profit. Profit-making activities may make it liable to VAT and corporate tax.
Can the directors of an association be paid?
Under strict conditions, linked notably to the association’s resources, without calling its disinterested management into question.
Do you work in English with international non-profits?
Yes, with your board and your funders, including foreign ones; statutory documents remain in French.