Running a Community Interest Company often starts with a simple goal — to help a community, deliver a social project, or solve a local problem. But once the organisation begins operating, most directors eventually face the same question: “Can I… Read More ›
If you’re a director of a Community Interest Company (CIC), chances are you’ve paused at some point and asked yourself a slightly uncomfortable question:“Am I actually allowed to pay myself… and am I doing it properly?” That hesitation is a… Read More ›
Most CIC directors don’t start by asking how much they can pay themselves.They start by asking whether they’re allowed to be paid at all — and what might happen if they get it wrong. That hesitation is sensible. Paying yourself… Read More ›
If you run a Community Interest Company (CIC), chances are you’ve wondered: how do I actually pay myself without breaking the rules? One of the biggest myths is that directors can simply treat themselves as self-employed and invoice their own… Read More ›
Running a Community Interest Company (CIC) is about purpose — not profit. But even purpose-driven directors need to make a living. That’s where things get a little tricky. You might be asking: “Can I take a salary as a CIC… Read More ›
Introduction Running a Community Interest Company (CIC) means balancing your passion for making a difference with financial sustainability. One of the most common questions we hear is, “Can a CIC director get paid?” The short answer? Yes! But it must… Read More ›
Community interest companies (CICs) play a vital role in driving social impact while maintaining sustainable business practices. However, balancing their mission-driven goals with regulatory and operational compliance can be a daunting task—especially when it comes to payroll management. From navigating… Read More ›
As a director of a Community Interest Company (CIC), you might have questions about compensating yourself while staying within regulatory guidelines. CICs are unique because, unlike traditional companies, they are built to serve the community rather than generate profit for… 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 ›