Author Archives

• What is a Confirmation statement (CS01) and How Does It Work for CIC’s?

  By kgaccountantsblog on 11/04/2023 • ( 0 )

  

  ALL UK businesses, trading or non-trading  are required to submit a confirmation statement, formerly known as an annual return, to Companies House each year. All UK-registered businesses, including private limited companies, public limited companies, and community interest corporations (CICs), must… Read More ›

• CIC articles of association

  By kgaccountantsblog on 20/03/2023 • ( 0 )

  

  We get this question a lot: Does a CIC need articles of association? The short answer is yes. The long answer is… part of this blog. Let us walk you though what you need to know. The two primary documents… Read More ›

• Does a CIC have to have an asset lock?

  By kgaccountantsblog on 17/03/2023 • ( 0 )

  

  Are you a prospective Community Interest Company (CIC) or current CIC director looking for answers to whether your organization must have an asset lock? If so, this blog post is for you! Overview of the Purpose of a CIC and… Read More ›

• CIC limited by guarantee or  limited by shares.  Which one is best?

  By kgaccountantsblog on 16/03/2023 • ( 0 )

  

  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 ›

• What is a community interest company – and how do you set one up?

  By kgaccountantsblog on 01/03/2023 • ( 0 )

  

  What do you need to set up a CIC? A community interest company (CIC) is a business setup to deliver value to the community, not simply profits to shareholders and owners. A CIC is more than a business to help… Read More ›

• Who is the regulator for CIC’s?

  By kgaccountantsblog on 28/02/2023 • ( 0 )

  

  The office assigned to regulate CICs is named, creatively enough, the Office of the Regulator of Community Interest Companies. “The Office of the Regulator of Community Interest Companies decides whether an organisation is eligible to become, or continue to be,… Read More ›

• Converting a limited company to a cic

  By kgaccountantsblog on 27/02/2023 • ( 0 )

  

  Converting your limited company to a community interest company (CIC) can have some advantages and, of course, some disadvantages. The primary reason that someone would want to convert a limited company to a CIC is to align their corporate model… Read More ›

• Employing young people in your community interest company

  By kgaccountantsblog on 14/02/2023 • ( 0 )

  

  Employing young people in your community interest company is a great way to find energetic, enthusiastic help, but there are rules that specifically apply to people under 18. It’s important to ensure that you follow all the applicable laws. The… Read More ›

• 12 Tips to Motivate Employees Without Resorting to Money

  By kgaccountantsblog on 13/02/2023 • ( 0 )

  

  We all want our employees to be happy, motivated, and engaged at work. But sometimes it can feel like the only way to achieve this is by shelling out more money. There are plenty of ways to motivate employees without… Read More ›

• Sustainability and HR: The CIC Guide

  By kgaccountantsblog on 06/02/2023 • ( 0 )

  

  Human resources (HR) has a major role in helping to develop a sustainable company. The first step in promoting sustainability in your community interest company (CIC), charity, non-profit organisation, and other social enterprise is to set goals and standards. Once… Read More ›