Getting an accountant for a charity is a very important decision and sometimes finding a right accountant can be a challenge.
We are experts in preparing accounts, reports and returns for charities, charitable trusts, CIO’s, CIC and community clubs.
We are regulated by worlds largest Chartered accounting bodies, ICAEW & ACCA. So you can have full confidence in our services and that your confidential information and data is secure.
We have robust system to keep you aware of your submission deadlines to keep you reminded to fulfil your legal obligations.
“Customise your services” with us to choose the relevant service you need and get a tailored quote
CIC is regulated and is used to service interest and benefits of community. It can benefit from fundings and support. It is rather flexible compared to charities for some purposes.
It can be established as a company and has special rules and has asset lock on its assets. It submits its accounts,
Depending on size, it must prepare its accounts, reports and is required to pay tax. Must register for VAT if the threshold of £85K is meet. Where it employs staff it should deduct and pay NIC and income tax.
It also needs to submit CIC report and must comply with its community intereststatement.
Directors must comply and submit relevant documents as and when due. The deadlines and compliance have penalties if late or inaccurate.
Get started with us to form a CIC or get accounting and tax services for existing CIC.
Monthly fee spreads total fee over 12 months accounting period to spread cost over 12 months.
Total fee must be paid in full when accounts are prepared and finalised.
Example 1 – accounting period just started.
Alex accounting period ends 31 March 2025. He joins the our monthly price plan and by 31 march 2025, he has paid 12 payment via monthly fee.
No outstanding amount will be payable as total fee was collected during 12 months ending 31 March 2025.
Example 2 – Joining in the middle of accounting the period.
In above example, if Alex joins the price plan in October 2024 (midway).
By the end of the accounting period 31 March 2025, Alex would have paid 6 monthly payments for his total fee. So the total fee minus the 6 monthly instalment would be due in April 2025.
Example 3: Account already due
In above example if Alex’s accounting period ended on 31 March 2024 and he wants to get his accounts done in June 2024; total fee will be payable for year ended 31 March 2024.
Alex could set up the price plan for next year ending 31 March 2025 via monthly price plan.
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