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Accounts Group Discussions (50)

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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

Cash flow forecasting

We are trying to establish the best way to forecast our financial status on a quarterly basis. One of our board members wants to analyse ou…

Started by Allan Craig Muirhead

2 May 3
Reply by Andrew Fleet

Need for VAT registration?

I'm the director of a CIC and I'm looking for advice regarding the need to be VAT registered, or not. In brief, we deliver community projec…

Started by Tim Reading

0 Feb 21

Accounts Format

Hi all, Unfortunately, I have had my accounts declined twice by Companies House, even after I did everything as they asked me to do!  Does…

Started by Samina Noor Deen

7 Feb 9
Reply by Samina Noor Deen

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

2 Feb 8
Reply by Jane Mellor

How to close down a CIC?

Dear CIC members, We sadly have to close down the CIC which I have been running for the past 5 years. We have made a big difference to many…

Started by Elizabeth McClelland

5 Oct 22, 2016
Reply by Sophia Loi Shaw

Accountant/Book Keeper recommendation

Hello, I have recently set up a CIC and would like to get all my accounts working in the best possible way at the outset. Can anyone recomm…

Started by Nina Feldman

3 Oct 5, 2016
Reply by Naresh Rao


Hi there everyone, Ive just started a CIC which will eventually be turned into a charity, Im looking for funding/investment to help with t…

Started by Kenny Salami

7 Sep 19, 2016
Reply by Nick Comley

Royalties-expense or other? Capped or not?

We would like to offer royalties to large donators in our upcoming crowdfunding campaign. What is the protocol for royalties are they expen…

Started by Imogen Hall

4 Aug 22, 2016
Reply by Imogen Hall

Directors renumeration

Hi there, Touch wood, our CIC will be in a position to pay us a small income (8k) from next month. My accountant has suggested that (when w…

Started by katie cambridge

2 Aug 1, 2016
Reply by John Mulkerrin

Urgent help would be very much appeciated re schedule 2/schedule 3 CIC`s

Hello. I am really hoping someone will be able to help me. I am I bits at the moment about a mistake I have found out yesterday that I have…

Started by Clair Teresa Hobson

4 Apr 12, 2016
Reply by Heidi Fisher



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