Third sector
Third sector: accounting, financial statements and control for associations, foundations and other bodies
Accounting, tax and control support for third-sector bodies, within the framework of the Third Sector Code and the related tax rules.
Who it is for. Associations, foundations, social cooperatives and other third sector entities that must keep accounts, prepare financial statements and handle tax and statutory obligations.
Request an initial meetingComplete the form; the firm will reply proposing an initial meeting to assess the case.
Financial statements and reporting
Accounting, financial statement formats and, where required, the social report.
Tax and compliance
Tax regime, VAT and returns, consistent with the nature of the body.
Supervisory body and audit
Supervision and statutory audit in the bodies where they are required.
How we work
Initial review
Nature of the body, activities carried out, registration in the RUNTS and tax regime.
Set-up
Accounting, financial statement formats and deadlines according to the rules of the Third Sector Code.
Control and updates
Periodic checks, reports and updates on regulatory developments.
What it includes
Accounting and financial statements
Bookkeeping and financial statement formats for the bodies.
Social report
Reporting for the bodies required to produce it.
Tax regime and VAT
Tax treatment of the body’s activities.
Registration in the RUNTS
Verification of the requirements and of the updating obligations.
Supervisory body
Supervision of compliance with law and the articles of association.
Statutory audit
Audit of the accounts where required by law.
Regulatory framework
The reference is the Third Sector Code (Legislative Decree 117/2017) with the tax rules and implementing decrees. For social cooperatives, Law 381/1991 is also considered. Statutory and legal aspects are coordinated with the body’s legal advisers, where necessary.
Support from artificial intelligence
Artificial intelligence tools assist the professionals in reading accounting documents and checking data consistency. Opinions, reports and attestations remain with the professionals.
Frequently asked questions
Which bodies do you work for?
Associations, foundations, social cooperatives, social enterprises and other bodies registered, or in the process of registering, in the RUNTS or other registers, of different sizes and activities.
When is a supervisory body mandatory?
When the body exceeds the size thresholds or has the legal form indicated in Articles 30 and 31 of the Third Sector Code: this is checked case by case.
Is the social report mandatory?
For some bodies, yes, above a revenue threshold set by law; this is checked case by case.
Contact the firm
Write to us: we will review your situation together.
Contact us
Write us a few lines; we reply on working days.