CIC articles of association
We get this question a lot: Does a CIC need articles of association? The short answer is yes. The long answer is… part of this blog. Let us walk you though what you need to know. The two primary documents… Read More ›
Recent Posts
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What funding is available for Community Interest Companies?
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 ›
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CIC Company formation
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 ›
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Personal Healthy Accounting for Fitness Professionals
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 ›
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When to complete Charity Accounts
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 ›
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Community Interest Company Accounts
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 ›
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Why Preparing and filing company Accounts can be a daunting Task for small business.
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): […]
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Does a CIC have to have an asset lock?
Are you a prospective Community Interest Company (CIC) or current CIC director looking for answers to whether your organization must have an asset lock? If so, this blog post is for you! Overview of the Purpose of a CIC and… Read More ›
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CIC limited by guarantee or limited by shares. Which one is best?
Some individuals believe that social enterprise is the future of business. There may be some basis for that argument given the resilience these types of organisation have shown during the economic challenges of recent years. As campaigners continue to petition… Read More ›
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What is a community interest company – and how do you set one up?
What do you need to set up a CIC? A community interest company (CIC) is a business setup to deliver value to the community, not simply profits to shareholders and owners. A CIC is more than a business to help… Read More ›
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Who is the regulator for CIC’s?
The office assigned to regulate CICs is named, creatively enough, the Office of the Regulator of Community Interest Companies. “The Office of the Regulator of Community Interest Companies decides whether an organisation is eligible to become, or continue to be,… Read More ›
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Converting a limited company to a cic
Converting your limited company to a community interest company (CIC) can have some advantages and, of course, some disadvantages. The primary reason that someone would want to convert a limited company to a CIC is to align their corporate model… Read More ›
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Employing young people in your community interest company
Employing young people in your community interest company is a great way to find energetic, enthusiastic help, but there are rules that specifically apply to people under 18. It’s important to ensure that you follow all the applicable laws. The… Read More ›
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12 Tips to Motivate Employees Without Resorting to Money
We all want our employees to be happy, motivated, and engaged at work. But sometimes it can feel like the only way to achieve this is by shelling out more money. There are plenty of ways to motivate employees without… Read More ›
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Sustainability and HR: The CIC Guide
Human resources (HR) has a major role in helping to develop a sustainable company. The first step in promoting sustainability in your community interest company (CIC), charity, non-profit organisation, and other social enterprise is to set goals and standards. Once… Read More ›
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Why it is important to choose ethical banking for your CIC
The ethics of companies has become an increasingly important criteria for consumers to choose to do business with them. In the banking industry, many people are abandoning their old banks and moving money to ethical banks. Consumers have discovered that… Read More ›
Featured Categories
Community Interest Companies ›
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CIC articles of association
20/03/2023
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Does a CIC have to have an asset lock?
17/03/2023
Charities ›
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June Roundup of Latest CIC and Charity Funding Advice
27/06/2022
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Do CIC companies pay tax?
06/06/2022
Construction Industry Scheme ›
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How to Find a Good Tiler
10/09/2020
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Making Tax Digital – Unincorporated businesses & landlords.
03/07/2017