"Thanks very much. I feel much better now! I just have to convert my Ltd company to CIC. I haven't started trading yet as Ltd co, only set it up, and have a lawyer friend helping me so hopefully it won't be tricky.
"No great difference Evony, except that you currently have to submit offline (Ltd companies can do it all online) and you have to complete an extra form for the CIC Regulator, on which you simply state what you've been up to. Its an extra hours…"
Hi, my organisation is only just starting and so we're not making any profits/earnings at the mo. I really want to incorporate as a CIC but am very nervous that the end of year accounting fees would be expensive . I'm on a small budget in my family and don't want to place myself in financial difficulties.Is there really a great deal of difference between ltd company and CIC accounts or do I just need to take the plunge?Thanks,EvonySee More
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