CIC Association

Serving Community Enterprise

Lynda Lynne
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What is your postcode?
HR^ 9NE
Name of organisation (if any) you are associated with?
Project Link Services CIC
Is that organisation a CIC?
Yes
Are you interested in representing a CIC at the CIC Association AGM?
No
Are you interested in working in partnership with the CIC Association?
No

Lynda Lynne's Blog

Accounts

As a CIC our year end is 31st March, some of the work we undertake is based on an academic year. We have been told by the accountant that at the end of the financial year any money left over (profit) is due for Corp Tax, even though the money is restricted to a project, one of these projects is ongoing. Is this true and if so is there a way round it.

Posted on September 22, 2010 at 12:08 — 2 Comments

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At 11:18 on September 22, 2010, John Mulkerrin said…
Hi Lynda
Welcome to the network! Hope you like what we're doing and look forward to your input. Please feel free to ask questions in the forum or post a blog with an opinion, if you need an answer on something CIC this is a good place to ask.
best regards
John
 
 
 

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