Accountants for Community Interest Companies
CICs are different. Your accountant should understand why.
Community Interest Companies combine running a business with delivering benefit to a community. That can bring different questions, responsibilities and challenges from those faced by an ordinary limited company.
At Counted, CICs are one of our specialist areas. We understand how CICs work, the regulations that apply to them and the practical realities of running an organisation that needs to balance purpose with financial sustainability.
CIC accountancy that goes beyond the accounts
Your annual accounts and Corporation Tax return are important, but they are only part of the picture.
We can support your CIC with:
Annual accounts and Corporation Tax returns
CIC annual reports
VAT registration and returns
Payroll and workplace pensions
Management accounts and financial reporting
Company secretarial support
Advice on accounting systems and processes
Financial planning and business advice
Whether your income comes from trading, contracts, grants or a mixture of different sources, we'll help you understand what the numbers are telling you and keep on top of your responsibilities.
We understand CICs
CICs aren't charities, and they aren't simply ordinary companies with a different name.
The asset lock, community interest requirements and additional reporting all matter. So does understanding how grants, trading income, restricted funding, VAT and payments to directors can interact with the way your CIC operates.
We've worked extensively with CICs at different stages of their development, from relatively small organisations through to established organisations with significant turnover, employees, contracts and multiple income streams.
That experience means you shouldn't have to explain to your accountant what a CIC is before you can start talking about your organisation.
Building a sustainable organisation
Having a social purpose doesn't remove the need to build a financially sustainable organisation.
We believe good financial information should help you make decisions, plan ahead and understand what your organisation can afford to do.
As your CIC develops, we can help you think about pricing, cash flow, VAT, staffing, financial systems and the implications of growth — giving you a clearer picture of where you are and what comes next.
Already running a CIC?
If you're looking for a new accountant, we'll take the time to understand your organisation, how it operates and what support you need.
We'll also help make the change from your existing accountant as straightforward as possible.
Starting a CIC?
If you're considering setting up a Community Interest Company, getting the structure right at the beginning matters.
We can help you understand the accounting and tax implications of operating as a CIC and what you'll need to put in place as the organisation develops.
Your CIC has a story. Let's make sure the numbers support it.
If you're looking for an accountant who understands Community Interest Companies, we'd like to hear yours.
Counted LLP
Every organisation has a story. We'd be proud to be part of yours.
Registered in England & Wales Company number OC449539 | Registered Office: 2 Geordie Ridley Place, Blaydon on Tyne, Tyne and Wear NE21 5BT | Phone: 0191 323 2390