Author Archives

• Are CIC directors employees of a company?

  By kgaccountantsblog on 29/08/2023 • ( 0 )

  

  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 ›

• August 2023 Roundup of Latest CIC and Charity Funding Advice

  By kgaccountantsblog on 20/08/2023 • ( 0 )

  

  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 ›

• Community Interest Companies in UK: CIC Directors’ Responsibilities

  By kgaccountantsblog on 14/08/2023 • ( 0 )

  

  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 ›

• How do I register a CIC in the UK?

  By kgaccountantsblog on 07/08/2023 • ( 0 )

  

  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 ›

• July 2023 Roundup of Latest CIC and Charity Funding Advice

  By kgaccountantsblog on 24/07/2023 • ( 0 )

  

  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 ›

• Advantages and disadvantages of a community interest company (CIC)

  By kgaccountantsblog on 17/07/2023 • ( 0 )

  

  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 ›

• How to Convert a CIC Limited to a CIO/Charity

  By kgaccountantsblog on 12/07/2023 • ( 0 )

  

  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 ›

• How do you convert a private limited company to a CIC?

  By kgaccountantsblog on 04/07/2023 • ( 0 )

  

  Converting a limited company to a community interest company (CIC) is a decision that shouldn’t be taken lightly. It’s a process that takes time and effort. It’s also something that’s not easily reversed. That said, Companies House has provided a… Read More ›

• June 2023 Roundup of Latest CIC and Charity Funding Advice

  By kgaccountantsblog on 28/06/2023 • ( 0 )

  

  Summer is here, and the weather is fine! We have a bunch of great grants for your CIC or charity to apply for. This money can go a long way to helping you accomplish your missions. Read the requirements carefully… Read More ›

• Dormant Account for CICs

  By kgaccountantsblog on 31/05/2023 • ( 0 )

  

  A community interest company (CIC) is, of course, a completely different creature from a standard company. One way that sets them apart is when they enter ‘dormant’ status. What is ‘dormant’ status? Any company is defined as dormant by the… Read More ›