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 ›
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July 2023 Roundup of Latest CIC and Charity Funding Advice
In our effort to support CICs and charities, we’ve gathered another round of grants that are open right now. Private companies and government agencies want to help you accomplish your mission, so apply for these grants. Hopefully, you’ll find the… Read More ›
CIC34 form: The Community Interest Company report
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 ›
June Roundup of the Latest CIC Grant Funding Advice
June is a month of change for those looking to grow their community interest company (CIC). Why? Because our latest grant funding advice is available! CICs help our communities flourish. However, organisations themselves need a boost from time to time. By taking… Read More ›
Deciding between a CIC limited by guarantee and limited by shares
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 ›
Charities preparing for the UK leaving the EU, 5 Key Main Areas to Consider
1. If your organisation employs EU staff or has EU volunteers The government has committed to safeguarding the rights of EU nationals residing in the UK. EU citizens will be entitled to apply for settled status in the UK, enabling them to… Read More ›
FIRST MEETING WITH ACCOUNTANT
KG Accountants understands that the prospect of that first meeting with an accountant or adviser can be pretty scary if you don’t know what to expect. We like to think that your mind will be put at ease after reading… Read More ›
Making Tax Digital – Unincorporated businesses & landlords.
Unincorporated businesses, including landlords – Big changes ahead! Extensive changes to how taxpayers record and report income to HMRC are being introduced under a project entitled Making Tax Digital. Unincorporated businesses, including landlords, will be the first to see significant… Read More ›
Small Company Accounting
The required format for statutory accounts for small companies has changed. We consider the reporting requirements and their impact. At KG Accountants, we can provide guidance on the new reporting standards. . The required format of statutory accounts that… Read More ›
Just started a limited Company, What happens next…………………
Thinking about setting up a limited company or Perhaps you’ve already done so, but now find you’re being swamped by letters from HM Revenue & Customs and Companies House. Setting up a company is quick and easy, but it… Read More ›