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Accounts Group Discussions (62)

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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

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

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 Dec 11, 2017
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, 2017
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, 2017
Reply by John Mulkerrin

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, 2017
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, 2017
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, 2017
Reply by Andrew Fleet

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