Community Interest Companies (CICs) serve a vital role in the UK economy by blending social objectives with business operations. As a CIC director, you shoulder the responsibility of steering the company towards its social mission while ensuring its financial sustainability…. Read More ›
In today’s fast-paced business environment, efficiency is key. Every minute counts, and every resource must be optimized to ensure success. One area where businesses can significantly enhance their efficiency is payroll management. By outsourcing payroll, particularly as a CIC (Community… Read More ›
Congratulations on your new role as a director of a Community Interest Company (CIC)! As you step into this position, you’ll discover various responsibilities, including managing the company’s finances and navigating the rules surrounding cash withdrawal. Understanding the available methods… Read More ›
As directors of Community Interest Companies (CICs), navigating the terrain of compensation can be a delicate balance between fulfilling your social mission and ensuring financial sustainability. It’s imperative to uphold principles of financial fairness and responsibility while determining how to… Read More ›
Do you manage a Community Interest Company (CIC) and wonder how to pay yourself while making a positive impact on society? As a CIC director, you play a crucial role in driving social change, and it’s only fair that you… Read More ›
Payroll outsourcing, whether for a CIC or a company, can be an effective way to save time and money and reduce errors. Doing payroll weekly or biweekly can be time-consuming and complicated. Here is everything you need to know, in… Read More ›
Leading a Community Interest Company (CIC) offers a unique blend of business acumen and social purpose. While your primary objective might be community welfare, it’s equally important to understand how you can sustainably remunerate yourself. In the UK, CIC directors… Read More ›
A CIC, like any other company in England, can employ apprentices. This type of programme can be beneficial for for your community interest company. The CIC gets an energetic new employee. The apprentice gets a chance to get hands-on experience… Read More ›
Briefly put, CIC directors are frequently employees but also might not be since their job status is entirely dependent on individual circumstances. Along with company secretaries, directors are referred to as ‘office holders’ by default. Whether or not someone has… Read More ›
How do directors get paid (UK)? Being a director of a Community Interest Company (CIC) in the UK can be an incredibly rewarding experience. But if you’re going to be paid for your services, it’s important to know how the… Read More ›