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Accounts Group Discussions (67)

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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

Minimising Corporation Tax - again! their grant in the first

Hello all My pro-bono CIC client incurred capital spend in their first year when all income was grant funded. They didn't spend all the gr…

Started by Paul Johnson

3 May 17
Reply by Paul Johnson

Pay, national insurance tax etc.

Really new to all of this so sorry if this all seems obvious. How do i set up paying the directors and how do i set wages. Is it better to…

Started by Brendan

1 May 13
Reply by Alastair Irvine

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 Irvine

3 May 13
Reply by Paul Johnson

Donations and turnover

Canvassing for opinion - aware that donations to CIC's are liable to corporation tax but would a donation to a CIC be subject to VAT.  Opin…

Started by Rachel Gardiner-Hill

4 Mar 16
Reply by Rachel Gardiner-Hill

VAT and CIC's

Sorry published this as a comment when it probably should have been a discussion Hi Can anyone share their experience of managing reachin…

Started by Rachel Gardiner-Hill

1 Feb 21
Reply by Heidi Fisher

expenses, what goes where?

Hi, I run an arts and crafts CIC in Cornwall and also help a couple of theatre based CIC`s with their accounts on a voluntary basis. I am A…

Started by Louise poor

2 Feb 21
Reply by Louise poor

Tax return

Hi We are in the process of filing our end of year accounts online. Last year this was completed by an accountant following a donation whic…

Started by Lucie Brooke

4 Feb 12
Reply by Lucie Brooke

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

3 Feb 8
Reply by Steven Dale

Directors and Salary

Hi there. I'm just wondering if there is general rule of thumb for working out a salary for paying directors? There are 3 of us looking to…

Started by Hannah

5 Feb 6
Reply by John Mulkerrin

corporation tax / grants/ euros / turnover

Hi. Ive worked out our first Annual Accounts following previous advice and questions on this forum. However, having submitted our accounts…

Started by Liz Reynolds

3 Dec 19, 2017
Reply by Andrew Fleet

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