Author Archives

• Annual CIC Statutory obligations & Rules

  By kgaccountantsblog on 12/09/2022 • ( 0 )

  

  Each year in the UK, the CIC regulator requires all community interest companies (CICs) to file reports with the Companies House to ensure compliance with laws regarding being a CIC. This allows the CIC regulator to keep the public records… Read More ›

• Moving your CIC Bookkeeping from a Spreadsheet to a System

  By kgaccountantsblog on 04/07/2022 • ( 0 )

  

  Moving your CIC bookkeeping from a group of spreadsheets to an integrated system is one of the best ways to ensure that your data is correct and your accounts are properly handled. Below is a short list of the reasons… Read More ›

• Mandatory Employee Benefits in the UK

  By kgaccountantsblog on 28/06/2022 • ( 0 )

  

  In the UK, many benefits are required for every employee. They‌ provide for the employees’ life now and their future. What follows is a brief look at the benefits that are required for every employee. It’s important to learn more… Read More ›

• June Roundup of Latest CIC and Charity Funding Advice

  By kgaccountantsblog on 27/06/2022 • ( 0 )

  

  We are approaching the end of June and we’re just loving the sunshine!! June’s list of the latest funding opportunities is exciting! These funds ‌help you successfully continue your mission doing great things for the community. Before applying, be sure… Read More ›

• File CIC34: community interest company report

  By kgaccountantsblog on 20/06/2022 • ( 0 )

  

  The CIC34 community interest company report is a mandatory annual report for all CICs in the UK. It informs the Regulator about your CIC, whom you serve, directors’ remuneration, and more. As with every company, CICs have to submit a… Read More ›

• Do CIC companies pay tax?

  By kgaccountantsblog on 06/06/2022 • ( 0 )

  

  The short is yes. Community Interest Companies (CICs) pay the same taxes as any other company. Also, Investment income, trading profits, and all other gains are taxable. CIC also pays Corporation Tax, completes a CIC Tax return, Pays VAT, just… Read More ›

• 7 Great Ways to Boost Staff Morale at Work

  By kgaccountantsblog on 04/06/2022 • ( 0 )

  

  The past two years have been hard on many company teams. As leaders, we need to boost team morale. Higher morale means less turnover, fewer call-out days, and higher productivity. The return in loyalty will pay for any expense these… Read More ›

• May Roundup of the Latest CIC and Charity Funding Advice.

  By kgaccountantsblog on 30/05/2022 • ( 0 )

  

  Each month, we bring you a list of the latest funding opportunities for charities and CICs. These funds are designed to help you successfully continue your mission doing great things for the community. Before applying, be sure to read the… Read More ›

• What are the advantages of setting up a community interest company?

  By kgaccountantsblog on 16/05/2022 • ( 0 )

  

  Setting up a Community Interest Company (CIC) has many advantages over either being a normal corporation or setting up a charity.  A CIC is a hybrid between companies and charities in that it’s a company with a social mission, but… Read More ›

• 5 Best Accounting Software for Charities in 2022

  By kgaccountantsblog on 09/05/2022 • ( 0 )

  

  Did you know that the number of charities within the UK is around 166,000? Out of these charities, there are around 132,000 in England, 19,000 in Scotland, 4,000 in Northern Ireland, and 7,000 in Wales. The annual turnover of all of… Read More ›