CIC accountants

Accountants for community interest companies, CIC accounts, the CIC 34 community interest report, asset lock compliance and corporation tax for social enterprises.

• CIC annual accounts prepared and filed with Companies House

• CIC 34 community interest report drafted with the £34 filing fee handled

• Corporation tax return, including the treatment of grants and trading income

• Restricted and unrestricted fund tracking so funder reports reconcile to the accounts

• Asset lock, dividend cap and director remuneration compliance checked

• Payroll, VAT and bookkeeping for the CIC's day to day operations

A CIC is an ordinary limited company with a community purpose and an asset lock. It is not a charity and gets no charity tax exemptions, so trading profit is chargeable to corporation tax in the normal way, at 19% to 25%.

Every CIC must file a CIC 34 community interest report alongside its accounts, signed by a director, explaining what the company did to benefit the community, who it consulted, and what directors were paid. The Regulator reads it, and filing accounts without it is rejected.

The asset lock means assets and profits must be used for the community purpose. A CIC limited by shares may pay dividends subject to the cap, currently 35% of distributable profits, and a CIC limited by guarantee pays none at all.

Thresholds, rates and deadlines quoted here reflect the 2026/27 UK position. Check current GOV.UK guidance, or ask us, before you rely on them for your own company.

We start by looking at the last filed accounts, your current records and your filing dates, then confirm a fixed scope and fee in writing.

Once the work is live you get reminders ahead of each deadline, a named person to ask questions, and a plain-English summary when the figures are ready, not a PDF with no explanation.