Recent Posts
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Do CICs Pay Corporation Tax? Understanding CIC Taxes and Donations
Are CICs Tax-Exempt? It’s a common misconception that CICs, like charities, are fully exempt from taxes. However, CICs are taxed in much the same way as regular companies. They are subject to Corporation Tax on their profits and, if they… Read More ›
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Paying Yourself as a CIC Director: What You Need to Know
As a director of a Community Interest Company (CIC), you might have questions about compensating yourself while staying within regulatory guidelines. CICs are unique because, unlike traditional companies, they are built to serve the community rather than generate profit for… Read More ›
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How Long Should Charity Trustees Serve? Finding the Right Balance
Introduction: Understanding Trustee Tenure in Charities Charity trustees play an essential role in guiding and overseeing their organizations. They set the charity’s strategic direction, ensure compliance with regulatory requirements, and help secure long-term sustainability. But one question often arises: how… Read More ›
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How to Submit CIC Accounts: Avoiding Common Mistakes
Submitting accounts as a Community Interest Company (CIC) is an essential responsibility that requires careful attention to detail. Properly filed accounts help maintain transparency, compliance, and public trust, while avoiding mistakes can save your CIC time and resources. In this… Read More ›
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How to Submit Charity Accounts: Ensuring Compliance and Avoiding Penalties
Properly submitting charity accounts is essential for UK charities. Whether you’re a small charity or one with a larger income and multiple trustees, filing accurate accounts on time keeps your organization compliant, builds trust with donors, and maintains transparency with… Read More ›
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How to Convert Your Existing Company to a CIC: A Complete Guide
Introduction: Understanding CIC Conversion If you’re considering taking your business in a new, socially conscious direction, converting to a Community Interest Company (CIC) might be the perfect next step. CICs are ideal for businesses looking to operate for the benefit… Read More ›
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Charity Formation in the United Kingdom: Step-by-Step Process for Aspiring Founders
Introduction to Charity Formation in the UK Forming a charity is an exciting venture that allows you to create an impactful organisation dedicated to a purpose you’re passionate about. In the UK, the Charitable Incorporated Organisation (CIO) structure is especially… Read More ›
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October 2024 Roundup: Funding Tips and Financial Advice for CICs and Charities
As half term unfolds across the UK, October 2024 brings a mix of family-friendly activities and essential updates for community interest companies (CICs) and charities alike. While you explore London’s bustling exhibitions, creative workshops, and exciting shows with loved ones,… Read More ›
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2024’s Best Bank Accounts for Charities and Community Interest Companies (CICs)
For those managing a charity or community interest company (CIC), having a bank account specifically designed for non-profits can be invaluable. These accounts facilitate easy donation tracking, offer insightful financial tools, and streamline the process of claiming Gift Aid. Explore… Read More ›
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2024 June Roundup of Latest CIC and Charity Funding Advice.
As London pulses with the excitement of Taylor Swift’s Eras tour at Wembley Stadium that kicked off on June 21st, fans revel in the anticipation of her surprise song choices. This vibrant energy extends beyond the music scene, with the… Read More ›
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2024 May Roundup of Latest CIC and Charity Funding Advice.
As May 2024 comes to a close and the UK gears up for a general election on July 4, the landscape of charitable funding and Community Interest Companies (CICs) is witnessing significant developments. This roundup brings you the latest insights… Read More ›
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Unlocking Efficiency: 10 Compelling Reasons to Outsource Payroll for Your Community Interest Company
In the vibrant realm of community interest companies (CICs), every resource plays a crucial role in advancing your mission. Among these, efficient payroll management stands out as a linchpin for organizational success. However, handling payroll in-house can prove daunting, diverting… Read More ›
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10 Reasons Why Outsourcing Your Payroll as CIC Is a Game-Changer
In today’s fast-paced business environment, efficiency is key. Every minute counts, and every resource must be optimized to ensure success. One area where businesses can significantly enhance their efficiency is payroll management. By outsourcing payroll, particularly as a CIC (Community… Read More ›
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2024 March Roundup of Latest CIC and Charity Funding Advice.
As March draws to a close and the vibrant colours of spring begin to emerge, it’s not just nature that’s experiencing a season of renewal; the world of charitable organizations and community initiatives is buzzing with excitement too! With Easter… Read More ›
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2024 February Roundup of Latest CIC and Charity Funding Advice
February has been an eventful month for Community Interest Companies (CICs) and charitable organizations seeking funding to support their noble causes. From innovative funding strategies to emerging trends in philanthropy, there’s much to explore in the realm of social impact… Read More ›
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Financial Fairness: How CIC Directors Can Pay Themselves Responsibly
As directors of Community Interest Companies (CICs), navigating the terrain of compensation can be a delicate balance between fulfilling your social mission and ensuring financial sustainability. It’s imperative to uphold principles of financial fairness and responsibility while determining how to… Read More ›
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Navigating the CIC Setup Process: Your Ultimate Guide to Setting Up a CIC
Are you passionate about making a positive impact in your community? Establishing a Community Interest Company (CIC) might be the perfect way to bring your vision to life. In this comprehensive guide, we’ll walk you through the essential steps of… Read More ›
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December 2023 Roundup of Latest CIC and Charity Funding Advice:
As we bid farewell to the festive season and the echoes of jingle bells begin to fade, let’s dive into the heart-warming symphony of giving that December has orchestrated for our community interest companies (CICs). Just like the twinkling lights… Read More ›
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Unlocking Social Impact: A Guide to Paying Yourself as a Community Interest Company Director
Do you manage a Community Interest Company (CIC) and wonder how to pay yourself while making a positive impact on society? As a CIC director, you play a crucial role in driving social change, and it’s only fair that you… Read More ›
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Mastering Dormancy: A Step-by-Step Guide on How Community Interest Companies File Dormant Accounts
In the realm of Community Interest Companies (CICs), navigating the terrain of dormant accounts might seem like a daunting task. However, fear not! In this comprehensive guide, we’ll take you through the intricate steps of mastering dormancy, empowering your CIC… Read More ›
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September 2023 Roundup of Latest CIC and Charity Funding Advice
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 ›
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How to Pay Yourself as a CIC Company Director in the UK
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 ›
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Are CIC directors employees of a company?
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 ›
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August 2023 Roundup of Latest CIC and Charity Funding Advice
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 ›
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Community Interest Companies in UK: CIC Directors’ Responsibilities
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 ›
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How to Convert a CIC Limited to a CIO/Charity
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 ›
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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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How to Set Up a CIO in England and Wales: Complete Guide
Setting up a Charitable Incorporated Organisation can give your charity its own legal identity and help protect trustees from personal liability—but registration is not simply a matter of completing an online form. Before you set up a CIO, you must… Read More ›
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Filing CIC Accounts Online? Read This Before You Click Submit
You have finally got the figures together. Your CIC accounts look finished. Your Companies House deadline is getting closer, and the Submit button is sitting in front of you. It is tempting to click it and move on. Don’t —… Read More ›
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Community Interest Company Formation and Registration: A Practical UK Guide
You may have the social purpose, the people you want to help and even a plan for generating income. But once you start looking at Community Interest Company formation, the questions quickly multiply. Should your CIC be limited by guarantee… Read More ›
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How to Start a Charity in the UK: The Ultimate Step-by-Step Guide
Starting a charity often begins with something very personal: you have seen a problem in your community and want to do something meaningful about it. Then come the questions. Do you need to register a charity? Should you set up… Read More ›
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How to File CIC Accounts Properly Before Companies House Takes Action
There is a dangerous moment in CIC compliance that catches many first-time directors out. The accounts are not quite ready. The deadline is getting closer. There are a few unexplained bank transactions, perhaps a grant agreement you still need to… Read More ›
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CIC Formation and Registration: Everything You Need to Know Before Applying
You have an idea that could genuinely help people. You know who you want to support, and you may already be thinking about grants, contracts, trading or employing staff. Then you reach the CIC formation stage and discover that registering… Read More ›
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Charity Registration UK: What Causes Delays and How to Avoid Them
You have found the right trustees, agreed what your charity will do and started imagining the difference it could make. Then you submit your application to the Charity Commission — and wait. For founders, that waiting period can be frustrating,… Read More ›
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Can You Pay Yourself as a CIC Director Without Breaching the Asset Lock? The UK Rules Explained
You’ve worked hard to set up your Community Interest Company. You’ve secured funding, started delivering services, and your organisation is beginning to make a real difference. Now you’re facing a question that almost every CIC director asks at some point:… Read More ›
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How to Start a Charity Without Mistakes: UK Registration Guide
Introduction – The Biggest Charity Registration Mistakes Happen Before You Even Apply Starting a charity is one of the most rewarding things you can do. Whether you’re helping disadvantaged young people, supporting people experiencing homelessness, protecting the environment, advancing education… Read More ›
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The Easiest Way to Increase Charity Income in 2026 (Most Trustees Ignore It)
Are you leaving 25% of eligible donations on the table? Charity trustees spend enormous amounts of time thinking about how to bring more money in. You may be applying for grants, organising fundraising events, approaching businesses, running campaigns and asking… Read More ›
Featured Categories
Community Interest Companies ›
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Filing CIC Accounts Online? Read This Before You Click Submit
16/08/2026
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Community Interest Company Formation and Registration: A Practical UK Guide
16/08/2026
Charities ›
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How to Set Up a CIO in England and Wales: Complete Guide
05/09/2026
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How to Start a Charity in the UK: The Ultimate Step-by-Step Guide
15/08/2026