The future is never really known but in most situations, organisations are bolstered by seeing others succeed. The spirit of comparison and competition keeps an organization grounded and aware of the flow of setbacks and victories. When every charitable and… Read More ›
CIC Funding is a more specialised type of funding. It can be frustrating if you do not know were to look or you do not have an advisor to point you in the right direction. If you are looking for… Read More ›
It has been 14 years since the UK government first introduced community interest companies (CICs). CICs are very popular among social entrepreneurs who want to use business to help their local community. You can read one of our earlier blog… Read More ›
How to become a personal Trainer. If your looking to start a career as a personal trainer, on top of having a great accountant who understands the fitness industry, you need to have 7 essential skills: 1 Organization skills 2…. Read More ›
Charity Accounts Trustees normally need to complete a charity’s annual return as soon as you approve its latest accounts and trustees’ annual report. Normally If your charity’s income is more than £10,000, by law, you must complete an annual return… Read More ›
Community Interest companies (CICS) A CIC is a special breed of a limited company which exists to benefit the community rather than its shareholders. Community Interest Accounts In addition to the initial Community Interest Statement, every CIC must file an annual… Read More ›
Many more companies will qualify as small as a result of the substantially increased company size limits. The new size criteria below is mandatory for periods commencing on or after 1 January 2016, although earlier adoption is permitted for financial years beginning on or after 1 January 2015 (the audit exemption cannot be early adopted): […]
Like so many things that a person sets out to build, the underlying structure and intent combine to create the final form. Some structures will help one aspect of the organization and hinder others. No structure is perfect and everything… Read More ›
Over 100 days have passed since the UK went into lock down. As if a global pandemic isn’t alarming enough, restaurant owners like you also have to worry about weathering the economic storm. The good news is there are plenty of creative… Read More ›
Running a business has always involved juggling financial priorities. During these challenging times, having a specialists restaurant accountant can make all the difference. Most expenses are meant to enable a corresponding return. Business owners hope that the profits not only… Read More ›
Running a charitable organisation comes with a lot of deadlines and pressures. This is why employing services of a charity Accountant can be helpful. While many of these are in constant flux as investors, funding, and events all shift their… Read More ›
Working from home definitely comes with some major benefits. For employees, working from home means avoiding office distractions, cutting out a long commute time, and being able to work in comfy clothes and in a soothing environment. For employers, working from… Read More ›
With over 251K confirmed cases of the Coronavirus now in the UK, the need for supplies is becoming greater every day. Local food banks have been a major support system for the community. However, with more and more cases rising every day, it’s… Read More ›
If you’re considering setting up a social Enterprise that will benefit the community-at-large, you have two choices – a community interest company (CIC) or a charity. While both are designed to offer some benefit to others or the planet, they… Read More ›
The world of business entities can be quickly divided into three super categories: for-profit business, charities, and community interest companies (CICs). CICs straddle the line between a pure charity and a for-profit business. A CIC can make a profit, but… Read More ›
On 2 September, 2019, the Office of the Regulator of Community Interest Companies announced that most of the 17,000 CICs in the UK will be able to file their accounts online. “This on-line filing service can be used by small… Read More ›