Geoff Holt has not received any gifts yet
More help for CIC's.
1 HSBC refuse to give us a business credit card because they insist we are a not-for-profit and MUST have a constitution whereas we are a CIC limited by guarantee with Articles of Association.
2 HMRC state CIC's show profits and must pay Corporation Tax but as a CIC has a "surplus" that is ploughed back into our business not a "profit" for directors.
3 99% of grant making trusts do not recognise CIC as having "charitable" objects whereas the Nat…Continue
Posted on May 12, 2016 at 14:51 — 7 Comments