As we head into Autumn, you will want to make sure that your CIC or charity has sufficient funding. The team at KG Accountants has assembled another list of grants and funding sources for you to consider for your business’s… Read More ›
Leading a Community Interest Company (CIC) offers a unique blend of business acumen and social purpose. While your primary objective might be community welfare, it’s equally important to understand how you can sustainably remunerate yourself. In the UK, CIC directors… Read More ›
Briefly put, CIC directors are frequently employees but also might not be since their job status is entirely dependent on individual circumstances. Along with company secretaries, directors are referred to as ‘office holders’ by default. Whether or not someone has… Read More ›
We hope you are enjoying the mix of rain and sunshine this August. Your organisation is doing amazing work to help the community. At KG Accountants, we want to help. Below is the August listing of grants for CICs and… Read More ›
Every CIC must have directors. Directors have statutory obligations they must meet. As vital parts of the structure and operation of a CIC, it’s important to understand what directors do, how many are needed in a CIC, and the specific… Read More ›
The Differences between a CIC and a Charity Community Interest Companies (CICs) and charities present two unique pathways to social impact, each with distinct operational and financial mechanisms. A charity’s survival often hinges on grants, donations, and fundraising, enabling them… 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): […]
Payroll outsourcing, whether for a CIC or a company, can be an effective way to save time and money and reduce errors. Doing payroll weekly or biweekly can be time-consuming and complicated. Here is everything you need to know, in… Read More ›
A CIC, like any other company in England, can employ apprentices. This type of programme can be beneficial for for your community interest company. The CIC gets an energetic new employee. The apprentice gets a chance to get hands-on experience… Read More ›
As with setting up any other company, you need to consider the different types of community interest companies (CICs), their advantages and disadvantages, and the restrictions and freedoms that come with each type of CIC. In this blog, we want… Read More ›
In our effort to support CICs and charities, we’ve gathered another round of grants that are open right now. Private companies and government agencies want to help you accomplish your mission, so apply for these grants. Hopefully, you’ll find the… Read More ›
When you’re passionate about a social purpose, you might consider forming a Community Interest Company (CIC). A CIC’s principal goal is to benefit a community rather than turn a profit for shareholders, but like any business model, it’s got its… Read More ›