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Family and Business

I am co-founder and a director and 'employee' of a CIC. What are people's opinions of running a business with a spouse? I am the driver behind the company, any business we get is because I have put…Continue

Started Nov 9, 2020

1 Reply

How do I edit my profile?

Started this discussion. Last reply by John Mulkerrin Nov 9, 2020.

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Latest Activity

John Mulkerrin replied to Wenderlynn's discussion Profile
Nov 9, 2020
Mahmood Reza replied to Wenderlynn's discussion Accounting Error in the group CIC Governance
"Glad it was useful.  Best wishes"
Nov 9, 2020
Wenderlynn posted discussions
Nov 9, 2020
Wenderlynn joined Heidi Fisher's group

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
Nov 9, 2020
Wenderlynn joined John Mulkerrin's group

Local Authority Engagement

The place to share and develop discussions around opportunities/ challenges we may face when dealing with/ working with local authorities.
Nov 9, 2020
Wenderlynn replied to Wenderlynn's discussion Accounting Error in the group CIC Governance
"Thank you Mahmood. Sorry for the very late reply"
Nov 9, 2020
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, 2020
Wenderlynn added a discussion to the group CIC Governance

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, 2020
Wenderlynn joined Jeremy Kite's group

CIC Governance

This group is intended to help CIC's with how they are managed, led and held to account. See More
Feb 19, 2020
Wenderlynn is now a member of CIC Association
Feb 18, 2020

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?
If you have a website, what is your web address?
Are you interested in representing a CIC at the CIC Association AGM?
Are you interested in working in partnership with the CIC Association?

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At 17:05 on December 1, 2020, John Mulkerrin said…

Yes you can, do it as a Director loan to the company




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