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 ›
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 ›
Running a Community Interest Company (CIC) in the UK means more than just doing good—it also means staying compliant. Filing your CIC accounts efficiently is essential to maintain transparency, avoid penalties, and free up time to focus on your mission…. Read More ›
Hey there, CIC owners! Whether you’re running a local community project or a nationwide charity, managing your finances and filing your accounts can feel overwhelming. But don’t worry—we’re here to make it as smooth as possible. Filing your CIC accounts… Read More ›
As a director or member of a Community Interest Company (CIC), you understand the importance of transparency and accountability in financial matters. Yet, the complexities of managing first-year cic accounts can be daunting, especially with the myriad of regulations and… Read More ›
The holiday season is upon us, and while visions of sugarplums may dance in your head, it’s crucial for Community Interest Companies (CICs) to ensure that their financial matters are in order. As we approach Christmas, let’s unwrap the essential… Read More ›
As we head into Autumn, you will want to make sure that your CIC or charity has sufficient funding. The team at KG Accountants has assembled another list of grants and funding sources for you to consider for your business’s… Read More ›
In this blog, we’ll look at what is required for your CIC’s annual accounts and give you advice on whether you should prepare your own reports. What are a CIC’s annual accounts? Other names for annual accounts include “company accounts,”… Read More ›
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 ›