Community Interest Companies (CICs) in the UK are required to submit a CIC34 each year. All CICs registered in the UK are required to submit the CIC34, a document that contains vital information on the CIC’s operations and finances to… Read More ›
CIC Accounts
CIC annual accounts, filing deadlines, CIC34 reports and Corporation Tax return guidance.
Annual CIC Statutory obligations & Rules
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
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 ›
File CIC34: community interest company report
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 ›
Budgeting vs. Financial Forecasting: What’s the Difference?
Philanthropy is a thriving institution in many ways. Recent estimates place this industry at a $182 billion value. It seems to be doing quite well for itself. But how do these industries balance their budget? How can a charitable organization maintain… Read More ›
Accounting vs Bookkeeping: What’s the Difference?
CICs are a community interest company. They serve a vital function in promoting community growth and development. The government of the U.K. designates them not as a charity, but as a benefit to society. But, unfortunately, everyone needs to do their… Read More ›
What Is a Community Interest Company?
Are you looking to make an impact in your local community? If you are, we want to take a second to thank you. Helping to improve the community you live in, and make the world a better place than you… Read More ›
A Complete Guide to the Community Interest Dividend Cap
Should you use the CIC dividend cap? It’s a question a lot of directors and board members of CIC organisations have to ask themselves. The community interest dividend cap is there to help CICs remain community activist organisations. The primary goal… Read More ›
Help with Filing CIC Accounts with Companies House
Irrespective of the size, every CIC needs to file a set of accounts and also to submit a CIC tax return (Form ct600) and we agree that CIC company accounts preparation, adhering to deadlines and producing them in iXBRL format… Read More ›
How to File CIC Accounts on Time
That it is difficult to file relevant paperwork on time is part of the point of the relevant paperwork. For a company with a community interest, reporting statutory accounts each year can feel tedious. The information in CIC Accounts covers… Read More ›