CIC Accountants for Community Interest Companies | Tape UK

CIC accounts, your CIC34 community interest report and your confirmation statement from £120 a month, with Companies House fees included. Tape UK is AIA-regulated, a Xero Partner and fully in-house, and your price is fixed for your whole term.

Basic CIC Filing, £120 a month

• CIC accounts: prepared and filed at Companies House.
• CIC34 community interest report: written with you and filed alongside your accounts.
• Confirmation statement: filed every year.
• Companies House fees: included.

If your CIC also needs bookkeeping, payroll, VAT or forecasting, our wider non-profit packages start at £325 a month. 

• CIC formation: £299, Companies House fee included
• CIC34 community interest report only: £125 a year, Companies House fee included
• Funding application support: from £250
• Grant financial forecasting: from £295
• Governance review: from £450

• Annual accounts and the CIC34 report: these are filed together at Companies House, normally within nine months of your year end. Accounts sent without the report are rejected.
• Confirmation statement: due every year.
• Corporation Tax return: CICs are not charities, so they pay Corporation Tax on profits like any other company.

A dormant CIC still has to file accounts and a CIC34 report.

The report shows the CIC Regulator that your company is still serving its community. It covers:

• Activities: what the CIC did during the year and how the community benefited.
• Consultation: how you involved the people you serve.
• Directors' pay: what directors were paid.
• Asset transfers: any assets moved out of the company, and why.

We draft it from a short conversation with you, so it's accurate and doesn't take up your week.

• Regulated: we are registered and regulated by the Association of International Accountants.
• In-house: one UK-based team does the work, with no freelancers or outsourcing.
• Beyond the filing: we also help with funding applications and the financial forecasts funders ask for.
• Giving back: 1% of every client fee goes to charitable causes.

Does a CIC pay Corporation Tax?

Yes. A CIC is taxed like any other limited company and doesn't get charity tax reliefs.

Can a CIC claim Gift Aid?

No. Gift Aid is only available to charities and community amateur sports clubs.

Should we be a CIC or a charity?

A CIC is quicker to set up, can pay its directors and has lighter regulation. A charity gets tax reliefs and Gift Aid but has stricter rules and unpaid trustees in most cases. We can talk you through which fits, and we set up both.

Can you set up our CIC?

Yes. CIC formation is £299 with the Companies House fee included.

We've missed a deadline. Can you help?

Yes. Contact us as soon as you can, because Companies House late filing penalties increase the longer accounts are overdue.

How do we switch to you?

Tell us who your current accountant is. We request your records from them and set up HMRC authorisation, which is free for package clients.

Tell us about your CIC and we'll confirm your package and price.