I have a question for finance professionals working with CIC's.
If a CIC has grant income and trading income do you split it in their annual accounts and only calculate Corporation tax on the trading income. I asked this question of a tax inspector and the reply seemed to be yes but would like re-assurance from those working in the field.
A couple of members have asked about this, thought it was easier to put online if anyone wants to comment, we're pleased suggestion 1 is in the mix. (amazing to see the growth in CICs in such a short time!)
Question 10: Do you have…Continue
Added by John Mulkerrin on July 23, 2011 at 14:43 — No Comments
The social business and enterprise arena is often described as the fastest growing sector of the economy. It’s a nice thought if true, but just how big is it? According to government figures there are around 62,000 companies which could be described as social businesses or social enterprises in the UK. This is the figure that’s been routinely quoted for around two years. It is an impressive enough figure in…Continue
Added by John Mulkerrin on July 1, 2011 at 15:25 — No Comments