"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…"
Serving Community Enterprise
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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
"Hi Pete
It's a classic 'it depends' reply, number of variables to consider.
I am probably biased, but I would advise you to use the services of an experienced accountant for the a/c and tax comp etc.
There are ways to…"
"Hi Hilary
We normally use our own systems and software to file clients CIC returns at HMRC.
If you check the link below it will help with…"
"My pleasure - as with all these things make sure you keep good records. You need to be able support claims for exempt input vat etc"
"HI Rachel,
Let me know if this example is any good - it's an example I've used with (student) accountants
Partial%20Exemption.pdf
Regards
Mahmood"
"That's fine John. Tomorrow is better for my diary - between 2 and 4 pm. My office number is 0116 224 7122
Regards
Mahmood"
"Hi John,
Donations can be made to a local enterprise organisation or an urban regeneration company. These donations will be allowable tax deductions (subject to the anti-avoidance provisions).
A ‘local enterprise organisation’ is:
a…"
"Hi John,
Donations can be made to a local enterprise organisation or an urban regeneration company. These donations will be allowable tax deductions (subject to the anti-avoidance provisions).
A ‘local enterprise organisation’ is:
a…"
"Hi John,
Donations can be made to a local enterprise organisation or an urban regeneration company. These donations will be allowable tax deductions (subject to the anti-avoidance provisions).
A ‘local enterprise organisation’ is:
a…"
"Hi Michelle
For record keeping, efficiency, Mgt info, tracking and reporting etc I'd recommend Xero. It's system we use for a nunber of our clients. Re payroll, that depends what experience you, or someone in your team has in…"
"Hi Rachel
Depends on what you mean by problems. As long as it’s accounted for, due diligence carried re the source of the donations, and no undue influence on running of CIC by donors. then all should be fine. If a donation Corp tax is…"
Profile Information
- What is your postcode?
- LE1 4LD
- Name of organisation (if any) you are associated with?
- Pro Active Resolutions
- Is that organisation a CIC?
- No
- If you have a website, what is your web address?
- http://www.proactiveresolutions.com
- Are you interested in working in partnership with the CIC Association?
- Yes
Here at Pro Active Resolutions, we provide you with the professional help and support you need to allow you to concentrate on the areas of your business that you excel at and enjoy the most. Whether you need help with accountancy and tax services, bookkeeping and payroll or specialist business advice, we can give you as much support as you need. Our objective is to help businesses of all types, owner managed businesses, not for profit or social enterprises, sustain and grow through the provision of value for money services.
For more info visit: www.proactiveresolutions.com ;
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