Author Archives

• Asset Locked – The CIC Mystery

  By kgaccountantsblog on 21/01/2020 • ( 1 )

  

  When forming a CIC, there is a guideline that a CIC cannot transfer its assets except under special circumstances. It’s called an asset lock. Asset lock is one of the key features of a CIC. It’s this concept that governs… Read More ›

• Filing cic accounts during the festive season

  By kgaccountantsblog on 03/12/2019 • ( 0 )

  

  December is usually a very busy period at Companies house. it’s not advisable living it to the last minute. Plan early Start planning early for filing your cic accounts and make sure you know your company’s filing deadline. Check and… Read More ›

• What funding is available for Community Interest Companies?

  By kgaccountantsblog on 06/08/2019 • ( 1 )

  

  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 ›

• Filing Annual Accounts for your CIC

  By kgaccountantsblog on 28/06/2019 • ( 0 )

  

  “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 ›

• 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 ›