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Not For Profit

Find out more about how our specialist Not for Profit team can help your organisation to achieve more.

COMMUNITY INTEREST COMPANIES (CIC)

We advise and look after a number of Community Interest Companies (CICs) throughout the North East and across the UK, offering a tailored mix of accounting, taxation and advisory services. We are passionate about supporting you to not only not only to fulfil your statutory compliance obligations, but also to realise your social entrepreneur objectives effectively.

CICs are used in a variety of different sectors, yet with the main aim being to provide a social service to the wider community.  This often raises interesting challenges in a rapidly changing landscape bound by more regulatory and compliance requirements than most. Our team of specialists are always available to help, whether it’s dealing with legislative changes or giving advice and guidance to enable your CIC to be set-up in the most efficient way possible.

We want to help you to make a real difference to your chosen community, by providing you with a service that you trust will help you to overcome the unique accounting obstacles of the social sector and give you more time to focus on your organisations activity.

 

How can we help?

We believe that CICs need more than just compliance support, so our Not-For-Profit team are available to help with the planning and set-up of the CIC, to provide compliance services and answer any questions you have throughout the year.

Just a few of the areas that we can help your CIC with include:

  • Tax Planning and advice on choosing the right structure of the CIC
  • Help with the Formation of the CIC
  • Financial forecasting and modelling
  • Accounts preparation in compliance with Companies Act
  • Assurance services – audit
  • Advice on accounting systems, as well as the supply of and training in Sage and Xero
  • Advice and practical assistance with VAT planning
  • Accessing loan funds, as well as Local, National and European Grants
  • Pensions and other employee matters, including ways to mitigate payroll costs

As treasurer of two large charitable groups, it is re-assuring to know that Tait Walker’s Not for Profit team are always approachable and have the necessary expertise and experience in all financial, governance and strategic matters relating to charities and their subsidiaries. A great team to work with.

R.I Watson – Trustee NECA

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If you are seeking advice and would like an informal chat without fee or commitment, then please get in touch.