Most CIC directors do not ignore deadlines on purpose. What usually happens is this: You start your Community Interest Company full of momentum. You focus on funding, projects, community impact, websites, partnerships, and trying to make the organisation work in… Read More ›
If you’ve just set up your CIC, there’s a high chance you’re focusing on the right things — delivering community impact, securing funding, and getting your project off the ground. But here’s the uncomfortable truth: Most CIC directors get their… Read More ›
If you’re running a Community Interest Company (CIC), you likely started it with a clear mission to make a difference. But here’s something many well-meaning CIC directors overlook: filing your accounts and reports late can cost your organisation up to… 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 ›
If you run a Community Interest Company (CIC), understanding how to file CIC accounts properly is more than just a legal requirement — it’s key to staying compliant, protecting your organisation’s reputation, and proving your commitment to your community mission…. Read More ›
Are CICs Tax-Exempt? It’s a common misconception that CICs, like charities, are fully exempt from taxes. However, CICs are taxed in much the same way as regular companies. They are subject to Corporation Tax on their profits and, if they… 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 ›
Navigating the intricacies of the CIC34 Community Interest Company Report can be a daunting task. Fear not! Let’s break down the essential sections of this transformative document and explore why engaging the services of a CIC expert could be your… 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 ›