Here’s a sobering truth: 40% of social enterprises that register as CICs get rejected on their first application attempt. Not because their mission isn’t worthy, but because they misunderstand what the CIC Regulator actually wants to see. You’ve got an… Read More ›
A single mistake on your CIC34 report can quickly snowball into regulator queries, delayed grant funding, or penalties ranging from £150 to £1,500. If your CIC reporting deadline is approaching, now’s the time to correct the errors that most Community… Read More ›
1. Understanding CIC Accounts: What You Need to Know Before Filing Before diving into forms and deadlines, let’s get clear on what CIC accounts are and why they matter. 1.1 What Are CIC Accounts (and Why They Matter)? Every Community… Read More ›
Every CIC has a 12-month review period. At the end of this period, you’ve got 14 days to file your confirmation statement. The first period starts from your date of incorporation. After that, it runs 12 months from the date… Read More ›
If you run a Community Interest Company (CIC), chances are you’ve wondered: how do I actually pay myself without breaking the rules? One of the biggest myths is that directors can simply treat themselves as self-employed and invoice their own… Read More ›
Running a Community Interest Company (CIC) is one of the most rewarding ways to combine business with social good. But alongside your mission to deliver impact, there’s the important matter of staying compliant with regulations. One of the biggest responsibilities… Read More ›
Running a Community Interest Company (CIC) means juggling a lot—impact reports, funding, team responsibilities, and everything in between. But when you’ve missed your filing deadline for CIC accounts, the anxiety can quickly set in. Don’t panic. Whether you’re a few… Read More ›
As Britain emerges from a rollercoaster of weather—flipping from blazing June heatwaves to torrential July downpours that disrupted courts, railways, and summer events—UK charities and CICs find themselves weathering financial uncertainty while serving ever-growing community needs. A lighter viral moment… Read More ›
Running a Community Interest Company (CIC) is about purpose — not profit. But even purpose-driven directors need to make a living. That’s where things get a little tricky. You might be asking: “Can I take a salary as a CIC… Read More ›
If you’re running a Community Interest Company (CIC), you likely started it with a clear mission to make a difference. But here’s something many well-meaning CIC directors overlook: filing your accounts and reports late can cost your organisation up to… Read More ›