Author Archives

• CIC Company formation

  By kgaccountantsblog on 26/06/2019 • ( 2 )

  

  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 ›

• Community interest Funding

  By kgaccountantsblog on 11/06/2019 • ( 0 )

  

  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 ›

• Deciding between a CIC limited by guarantee and limited by shares

  By kgaccountantsblog on 28/05/2019 • ( 1 )

  

  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 ›

• Why form a community interest company (CIC)?

  By kgaccountantsblog on 14/05/2019 • ( 0 )

  

  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 ›

• Personal Healthy Accounting for Fitness Professionals

  By kgaccountantsblog on 12/04/2019 • ( 1 )

  

  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 ›

• Charities preparing for the UK leaving the EU, 5 Key Main Areas to Consider

  By kgaccountantsblog on 03/04/2019 • ( 0 )

  

  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 ›

• Accounting for Community Interest Companies

  By kgaccountantsblog on 01/04/2019 • ( 1 )

  

  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 ›

• When to complete Charity Accounts

  By kgaccountantsblog on 26/03/2019 • ( 2 )

  

  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 Company Accounts

  By kgaccountantsblog on 25/03/2019 • ( 0 )

  

  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 ›

• FIRST MEETING WITH ACCOUNTANT

  By kgaccountantsblog on 18/03/2019 • ( 0 )

  

  KG Accountants understands that the prospect of that first meeting with an accountant or adviser can be pretty scary if you don’t know what to expect. We like to think that your mind will be put at ease after reading… Read More ›