What else is included in our packages?
See our FAQs section or contact us if you have any questions.
Flexible support via
phone or email
Advice from qualified
Chartered Accountants
Reminders for
your important
deadlines
Updates from
the CIC Regulator
Latest accountancy
and tax insights
Statutory financial
and tax submissions
Xero™ online
access and mobile
app
Automated transaction
feeds for bookkeeping
Complete accountancy services for Community Interest Companies
- Low, fixed monthly prices.
- Dedicated and specialist CIC chartered accountants.
- Completion of CIC forms and returns.
- Simple and award-winning accounting software.
- And more...
Why Choose CIC Accountants?
We help Community Interest Companies across the UK to thrive.
Dedicated CIC Accountants
- Our accountants are more than just
- number crunchers. You’ll get your
- own dedicated CIC chartered
- accountant who will work with you to
- understand your business and handle
- queries.
Simple Accounting Software
- Stay on top of upcoming tax deadlines
- and track overdue invoices and
- payments with award-winning
- bookkeeping and accounts software by
- FreeAgent, available online and via
- mobile app. Anytime, anywhere.
All Submissions Covered
- Never miss a deadline. We cover all
- submissions that you'll need to prepare
- and send to HMRC, Companies
- House and the Office of the Regulator of
- Community Interest Companies (ORCIC)
ICAEW Approved Accountants
- Get up to date insights from our
- specialist CIC accountants,
- allowing you to focus on what you do best.
- We provide support and
- information to keep you updated.
Peace of Mind
- Know that you’re on the right track. Our
- chartered accountants will help you to
- be as financially and tax efficient as
- possible whilst remaining in compliance
Regular Advice and Support
- We know we’re the right accountants
- for your CIC. So if you’re dissatisfied
- with our service or if we fail to meet
- our obligations to you after 12
Your Obligations as a CIC
At CIC Accountants, we help you to stay compliant with the mandatory regulations.
Office of the Regulator of CICs
The ORCIC the part of Companies House that regulates all registered CICs across the UK. They have the power to permit a company to operate as a CIC, review relevant documentation and conduct investigations. Any new requirements issued must be complied with.
Community Interest Test
Each CIC must meet a set of requirements in order to operate and remain as a CIC. This includes ensuring that their activities are beneficial to a qualifying ‘community’ and are not harmful or offensive. The test must be continually met to avoid possible fines or more serious action.
Annual ‘CIC34’ Reports
Each year, every CIC is required to produce and submit a return outlining its activities and directors’ pay. This is reviewed by the ORCIC and must be accepted by them in order to use the CIC structure. Getting a professional expert to review or complete this reduces the risk of the report being rejected or requiring further investigation.
The Asset Lock
From the time when a CIC is set up, its assets (e.g. cash, equipment, etc.) must be used for the purposes of benefiting the community. There are strict conditions about how a CIC uses its assets. Failure to comply with these rules can result in regulatory action.
The Dividend Cap
For CICs that are ‘limited by shares’, there is a limit placed on the level of dividends that can be paid to each shareholder. These rules are often complex and will depend on a CIC’s number of shareholders and overall profitability each year. Inappropriate dividend payments can result in further investigations for fraud.
What our client saying?
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Mark Parker CEO of fiverr
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Mark Parker CEO of fiverr
The Community Interest Company (CIC) structure was created in 2005 as a type of social enterprise.
The Community Interest Company (CIC) structure was created in 2005 as a type of social enterprise.
The Community Interest Company (CIC) structure was created in 2005 as a type of social enterprise.
The Community Interest Company (CIC) structure was created in 2005 as a type of social enterprise.
The Community Interest Company (CIC) structure was created in 2005 as a type of social enterprise.
The Community Interest Company (CIC) structure was created in 2005 as a type of social enterprise.
Our Packages
The three packages below cover most bases for CICs – just pick the one that suits you best and we’ll do the rest.
Our low monthly payments allow you to spread the cost over a whole year. You can also pick additional services such as VAT or
personal tax returns when you select an initial package.
silver
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- All of the benefits of Silver plus…
- Setup your CIC with Companies House
- Registrations for relevant taxes
- Compliance review of your “CIC 34” annual report
- Quarterly business reviews with your allocated specialist chartered accountant
- Support with HMRC or CIC regulatory queries
- Reference letters for your CIC
- Add services such as VAT, PAYE or Personal Tax returns for a monthly additional fee
GOLD
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- All of the benefits of Silver plus…
- Setup your CIC with Companies House
- Registrations for relevant taxes
- Compliance review of your “CIC 34” annual report
- Quarterly business reviews with your allocated specialist chartered accountant
- Support with HMRC or CIC regulatory queries
- Reference letters for your CIC
- Add services such as VAT, PAYE or Personal Tax returns for a monthly additional fee
platinum
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- All of the benefits of Silver plus…
- Setup your CIC with Companies House
- Registrations for relevant taxes
- Compliance review of your “CIC 34” annual report
- Quarterly business reviews with your allocated specialist chartered accountant
- Support with HMRC or CIC regulatory queries
- Reference letters for your CIC
- Add services such as VAT, PAYE or Personal Tax returns for a monthly additional fee
After you request a quote, one of our accountants will have a friendly
consultation call with you within 7 days to make sure you’re on the right package and answer any questions.
Frequently Asked Questions
Contact us if you cannot find the answer to your question here
Stay Up To Date
Check out our latest guides and resources to stay on top of the requirements for your CIC.
Getting help for
your business with the
restart grant
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Getting help for
your business with the
restart grant
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin ultrices ante id felis semper, et sagittis ligula congue. Ut sodales in justo et venenatis. Aliquam ut maur.
Getting help for
your business with the
restart grant
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Get an Instant Quote
We charge a monthly fee based on your business type
We will never share your details with any third-party