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 ›
A community interest company (CIC) is, of course, a completely different creature from a standard company. One way that sets them apart is when they enter ‘dormant’ status. What is ‘dormant’ status? Any company is defined as dormant by the… 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 ›
Prior to submitting your reports, you need to: Once you’ve got everything lined up , you can go to https://find-and-update.company-information.service.gov.uk/accounts/cic/before-you-start to get started. What should your CIC report include You need to have your cic accounts handy. This should include:… Read More ›
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 ›
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 ›
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 ›
Irrespective of the size, every CIC needs to file a set of accounts and also to submit a CIC tax return (Form ct600) and we agree that CIC company accounts preparation, adhering to deadlines and producing them in iXBRL format… Read More ›