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 ›
CIC Accounting
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 ›
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 ›
Filing CIC Accounts: Guidelines for Community Interest Companies Accounts
Filing an annual report means facing a dedicated deadline that many struggle to plan for. Between wrestling with the details of what needs to be filed when the filing needs to be complete, and how much time the report compilation… Read More ›
Online filing of CIC accounts
On 2 September, 2019, the Office of the Regulator of Community Interest Companies announced that most of the 17,000 CICs in the UK will be able to file their accounts online. “This on-line filing service can be used by small… Read More ›
What funding is available for Community Interest Companies?
CIC Funding is a more specialised type of funding. It can be frustrating if you do not know were to look or you do not have an advisor to point you in the right direction. If you are looking for… Read More ›
Filing Annual Accounts for your CIC
“Pirates stole my accounts.”“A goat ate my accounts.”“I found my wife in the bath with my accountant.” According to Companies House, the above are just some of the stranger excuses given by companies for not filing their annual accounts on… 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 ›
Accounting for Community Interest Companies
CIC Accounting Accounting for companies interest companies can be a huge challenge even for a seasoned accountant. Under CIC Accounting a CIC report must meet certain prescribed minimum reporting requirements. Hiring a CIC Accountant does help to ensure that the… Read More ›