Author Archives
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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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Filing Annual Accounts for your CIC
“Pirates stole my accounts.”“A goat ate my accounts.”“I found my wife in the bath with my accountant.” According to Companies House, the above are just some of the stranger excuses given by companies for not filing their annual accounts on… 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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Community interest Funding
An individual may develop the most creative, timely business idea in the world, but it will remain an idea unless s/he can secure funding to make it a reality. For budding social entrepreneurs who want to help their community by… Read More ›
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Deciding between a CIC limited by guarantee and limited by shares
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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Why form a community interest company (CIC)?
Benefits of forming a CIC A community interest company (CIC) is a limited company which exists to benefit a community or to pursue social good. It is a useful vehicle for philanthropic entrepreneurs who want to use business and enterprise… 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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Charities preparing for the UK leaving the EU, 5 Key Main Areas to Consider
1. If your organisation employs EU staff or has EU volunteers The government has committed to safeguarding the rights of EU nationals residing in the UK. EU citizens will be entitled to apply for settled status in the UK, enabling them to… Read More ›
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Accounting for Community Interest Companies
CIC Accounting Accounting for companies interest companies can be a huge challenge even for a seasoned accountant. Under CIC Accounting a CIC report must meet certain prescribed minimum reporting requirements. Hiring a CIC Accountant does help to ensure that the… 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 ›