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Wenderlynn
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Mahmood Reza replied to Wenderlynn's discussion Accounting Error in the group CIC Governance
"Hi Short answer is yes, the invoice will be a record of a transaction that has occurred - I am assuming VAT is not an issue.  Subject to timings & amount (ie over £1,000) the 'drawings' will be declarable via self…"
Feb 23
Wenderlynn added a discussion to the group CIC Governance
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Accounting Error

HiWe set up our CIC in June last year. We've been taking money for living expenses as drawings. I know now that this isn't the correct way to do things. I know we need to invoice as another entity or ourselves, but don't have a named business re individual self assessment, as we had previously closed down a partnership to solely run the CIC.Question 1 is can we backdate invoices?Question 2 is how do we do this if we don't now have a private registered business as individuals? (We were a…See More
Feb 19
Wenderlynn joined Jeremy Kite's group
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CIC Governance

This group is intended to help CIC's with how they are managed, led and held to account. See More
Feb 19
Wenderlynn is now a member of CIC Association
Feb 18

Profile Information

What is your postcode?
EX21 5JN
Name of organisation (if any) you are associated with?
North Devon Permaculture CIC
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://northdevonpermaculture.com
Are you interested in representing a CIC at the CIC Association AGM?
No
Are you interested in working in partnership with the CIC Association?
Yes

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