Community Interest Companies or CIC are organisations with an overall goal that ultimately helps people, not for profit organisations still need to be operated with the same resourcefulness as a company that is running for profit, otherwise it risks crumbling.
We use best practices to make sure Community Interest Companies operate at their maximum efficiency. The legal issues with the formation of Community Interest Companies and their continued success are one of our specialist area of practice. Whether you require assistance with legal structures, complying with tax laws which apply to not-for-profits or require assistance with the many financial issues that face this industry, we are here to lend an all listening ear and make sure we do our utmost to provide a professional service to all our clients.
Our services can be adapted perfectly to help not for profit organisations reach those long-term goals that they plough their revenue into achieving.
With our expertise in the not for profit sector, we’re able to offer techniques which will provide your organisation with valuable knowledge that will minimise your expenditure and lead to increased efficiency. We are able to offer expertise in management accounting that will help your organisation understand your cash flow, and thereby increase your profits. Our services also covers payroll and pension compliance.
Our team of specialist accountants are able to offer their knowledge in assessing risks that your business could be exposed to within indirect tax framework. We work with you in order to minimise these risks, and should your business be subject to European social fund audits, we work together with you to bring about the best possible outcome for all parties.
There are a multitude of separate complance issues which apply specifically to businesses which operate within the legal framework of a not for profit. We use our professional accounting knowledge to ensure your business follows not for profit best practices, and complies with all relevant laws.