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Accounts Group Discussions (59)

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Director/employee tax arrangements - help please!

Hi, As a small, fairly new, Community Interest Company Limited by Guarantee, some of our directors are likely to be the main people doing t…

Started by Joseph DeeneyLatest Reply

Are Grants Taxable? Am I Trading?

not necessarily. Its complex. Some general principles:-   A Grant will start out life as being a taxable receipt of a CIC. Unless you can t…

Started by Alastair IrvineLatest Reply

Discussions Replies Latest Activity

Grant funds balance sheet

Hi We are in the process of preparing our year end accounts, prepared by our Treasurer and verified by an accountant not linked to our orga…

Started by Lucie Brooke

8 22 hours ago
Reply by Lucie Brooke

CIC Dormant Company declaration help needed

Would anyone able to give me information how to declare a CIC company dormant for a year? If a company becomes dormant whether administrati…

Started by Subrata Saha

2 Nov 25
Reply by Subrata Saha

VAT on solar installation

If our CIC were to get funding for a solar panel installation, would we need to pay VAT and, if so, at what rate? I understand that for a d…

Started by Debbie La-Haye

1 Nov 16
Reply by John Mulkerrin

What is the simplest accounts format I can use?

I am required to submit our first accounts for a very small CIC, that provides piped spring water to 20 properties. Our income from users c…

Started by Michael Walton Bell

2 Nov 14
Reply by Michael Walton Bell

Switching bank accounts from high street to online!

Hi, We've been trading since 2010 and have always had a Barclays Business Account but lately they have been completely and utterly unreliab…

Started by Ripple Brum

2 Oct 23
Reply by Ripple Brum

VAT advice

Hello, I'm a Trustee for a small health charity, based in London, and we are considering converting to a CIC. I'm concerned about the VAT…

Started by Mufeedah Bustin

3 Aug 23
Reply by Consuela Timofte

Dormant accounts for first year of trading

Hi, I am helping a friend with their CIC accounts and have a few queries. It says on Gov.uk that if you registered for Corporation Tax befo…

Started by Louise poor

1 Aug 16
Reply by Andrew Fleet

Filing Account Returns for Dormant CiC

Hi, I need help in filing our account returns with HMRC s we are yet to commence activities since our registration. Do i need to prepare an…

Started by Lanre Olabode

1 Aug 2
Reply by John Mulkerrin

Classic Employed/Self Employed question

posted by Caroline Drake Good morning, My friend and I have set up Lovemindfulness cic to teach mindfulness in schools. We have establishe…

Started by John Mulkerrin

2 Jul 27
Reply by Geoff

Just set up a CIC limited by guarantee and need some advice

Hi, This is my first time experiencing setting up a business and I have just registered my company 'Burwell Skate School CIC', it is limit…

Started by Max Jamieson

3 Jul 25
Reply by Geoff

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