Cultural institutions operate in a complex world. Besides their cultural mission, they have to deal with strict laws and regulations, different funding streams, fiscal risks and accountability obligations. As a partner in audit and tax advice, Govers offers grip, peace of mind and insight. We help institutions and organizations to be in control - today and tomorrow.
Financial statements and audit: transparency at every stage
Financial statements are more than a mandatory document; they are the foundation of financial accountability and trust. Govers performs audit assignments with an eye for specific needs and regulations, including requirements and subsidy providers such as municipalities.
The services of our audit department include:
Audit of the financial statements
Grant audits and other assurance engagements.
Advice on internal control, IT audit and project reporting
Risk analysis including identifying (fraud) risks and support in setting up your risk analysis process
Our specialists are familiar with the relevant regulations, such as, WNT, collective bargaining agreements and the way institutions and organizations are financed through governments. We have extensive experience in auditing subsidy accounts in your sector. This makes us a substantively strong and reliable audit partner.
Fiscal control: mapping risks, grip on compliance
Cultural institutions, such as museums, libraries and other cultural centers, are subject to fiscal regulations, but do not always have an effective tax control framework (TCF) to manage fiscal risks. Govers assists in setting up an effective TCF, so that the organization has an insight into its tax risks and at the same time makes optimal use of tax opportunities (in a timely manner).
We offer tax services in the following areas, among others:
- Advice on sales tax (VAT), for example:
- Review of (pre)pro-rata calculations
- Advice on the VAT treatment of grants
- Advice on the application of high and low VAT rates
- VAT implications of seconding personnel
- VAT optimization for new construction or renovation
- Advice on payroll taxes and human resources, for example:
- WKR check and tax assessment of allowances
- Flexible workforce (such as self-employed individuals, temporary workers, volunteers, and interns)
- Review and advice regarding the artists’ tax scheme
- Advice and compliance in the area of corporate income tax, for example:
- Assessment of any corporate income tax exemption, application of the Subsidy Decree, and related conditions
- Filing corporate income tax returns
- Advice on the application of the spending reserve and the volunteer deduction
- Handling of volunteer allowances
- Advice regarding ANBI status, for example:
- Assessment of ANBI status
- Advice on obtaining and maintaining ANBI status
- Support with the annual publication of the required ANBI information
- Preparation of a Tax Control Framework, including implementation of control measures and monitoring (think of sample implementation)
Our hands-on approach makes fiscal compliance measurable and manageable. This is not only pleasant for the board, but also for the accountant, tax authorities and subsidy providers. With our guidance, you avoid unnecessary tax burdens and stay within the legal tax frameworks.
Why Govers?
Cultural institutions require a specialist who understands how policy, funding, personnel and taxation come together. At Govers we combine substantive expertise with a personal approach.
Our promise:
- Experienced accountants and tax specialists with sector-specific knowledge
- Proactive support on audit, grant and tax issues
- Clear communication towards board and supervisor
- Practical solutions that really work
- One point of contact, short lines
We provide grip, peace and security. Your institution complies with all regulations and is ready for the future.
