CIC Association

Serving Community Enterprise

Hi

I hope you don’t mind us reaching out to you.

As a CIC ourselves we, like you, are required to complete a CIC34, we were wondering if you could spare a few moments to answer a couple of questions which will help us fulfil our obligations.

We would value your opinion as we are planning for the future and have a couple of questions about options and services.

 

  1. Have you had any difficulties in finding an accountant with specialist knowledge of the regulations surrounding social enterprises and community interest companies?

 

 

 

  1. Do you think the rates companies charge CICs are competitive and value for money?

 

 

 

  1. How much does membership of the ICAEW factor in choosing your accountant, would it have deterred your choice if they were not members?

 

 

 

  1. We are considering subcontracting work overseas to further reduce costs if companies were to offer this service would you consider it?

 

 

 

 

 

  1. Is there a service that you would like that you cannot find to do with your CIC’s accounts?

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Comment by John Mulkerrin yesterday

I'm not sure how relevant these are to a CIC34, but I'll give you an opinion from my perspective an experience.

1.Yes, many accountants are still encountering CICs for the First time. However, aside a few specific points a CIC operates using normal Ltd Company rules.

2. Generally CICs seem to be charged the same as normal companies, so in that respect it is competitive. Value for money would be subjective to the individual CIC. I get many requests looking for a cheap accountant but rarely have any contact about one being too expensive.

3.It can give confidence to a potential customer, but it certainly doesn't guarantee quality or CIC expertise

4.Personally, I'd want to know more but Id be inclined not to.

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