CIC Association

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Max Jamieson
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Geoff replied to Max Jamieson's discussion Just set up a CIC limited by guarantee and need some advice in the group Accounts Group
"The accepted company tax/fiscal year runs from 1st April to 31st March, corporation tax is due no later than 9 months after the end of your Chargeable Accounting Period (CAP) the tax return (CT600) is required no later than 12 months after the end…"
Jul 25
James Macfarlane replied to Max Jamieson's discussion Just registered a CIC limited by guarantee and need some advice!! in the group Setting up a CIC
"Glad we could help out anyway."
Feb 9
Max Jamieson replied to Max Jamieson's discussion Just registered a CIC limited by guarantee and need some advice!! in the group Setting up a CIC
"Thanks for the help guys but I think have made the decision to dissolve the CIC :( and be a sole trader instead due to the simplicity of it. It is a bit of a shame, as I will not be able to gain funding for the club to go towards equipment or a new…"
Feb 9
James Macfarlane replied to Max Jamieson's discussion Just registered a CIC limited by guarantee and need some advice!! in the group Setting up a CIC
"Yes, that does sound dodgy. All assets are 'locked' in a CIC and must only be used for the benefit of the community, so you can pay market rate salaries, but not £80,000 profit. There's lots of good software for PAYE, but…"
Feb 9
Max Jamieson replied to Max Jamieson's discussion Just registered a CIC limited by guarantee and need some advice!! in the group Setting up a CIC
"Hi John,  Luckily, I have a friend who owns a very similar CIC who I have just been speaking to and has helped me get this far already.  They have stated that they use PAYE to pay themselves and employees, and use freeagent accounting…"
Feb 8
John Mulkerrin replied to Max Jamieson's discussion Just registered a CIC limited by guarantee and need some advice!! in the group Setting up a CIC
"And you still should James! The issue we are discussing is true for all companies, including CIC. Separated out from tax, employment, company house law etc the CIC regulation and its requirements add perhaps 30 minutes of admin and an annual fee of…"
Feb 8
Max Jamieson replied to Max Jamieson's discussion Just registered a CIC limited by guarantee and need some advice!! in the group Setting up a CIC
"Hi James, Thanks for clearing stuff up! The company I have set up is primarily to teach skateboarding to young people in local communities, as I feel skateboarding strongly benefits young people, it creates new social groups, keeps people out of…"
Feb 8
James Macfarlane replied to Max Jamieson's discussion Just registered a CIC limited by guarantee and need some advice!! in the group Setting up a CIC
"Hi Max A company's accounting year normally ends at the end of the month the company was incorporated in. If you've chosen 30th June that shouldn't matter, though. Corporation tax is paid on profits, not total income. You are correct…"
Feb 8
John Mulkerrin replied to Max Jamieson's discussion Just set up a CIC limited by guarantee and need some advice in the group Accounts Group
"Hi Max Definitely get someone with experience in this area involved, your accounts wont be much so you could try and attract some pro-bono help from a local accountant (and offer some positive PR) or have a look on accounts group Consider asking…"
Feb 8
Max Jamieson added a discussion to the group Accounts Group
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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 limited by guarantee. I am pretty confused about a majority of things and was wondering if anyone could please help me out?I have registered the business as actively trading from the 5th of Febuary. I set the date to which the company intends to prepare it's accounts to 30th June 2017, however, after doing some reading I am thinking this was the wrong choice and…See More
Feb 8
Max Jamieson joined Heidi Fisher's group
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Accounts Group

For any accounting related queries, including accounts software package questions, grants and trading income treatment, HMRC or Companies House queries/issues, tax reliefs for CICs, links to useful finance information etc
Feb 8
Max Jamieson is now a member of CIC Association
Feb 8

Profile Information

What is your postcode?
CB25 0BB
Name of organisation (if any) you are associated with?
BURWELL SKATE SCHOOL CIC
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://93, North Street, Burwell
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

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