At Bowdon Accounting Services, we're more than just number-crunchers; we're your trusted financial partners. With a commitment to excellence and a passion for helping businesses thrive, we offer a wide range of accounting and financial services tailored to your unique needs.
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66 Paul Street, London, UK
Specialist Accountants for Community Interest Companies (CICs)
Running a Community Interest Company comes with accounting, tax and reporting responsibilities that differ from both ordinary businesses and registered charities.
Bowdon Accounting provides specialist accountancy and finance support to CICs across the UK. Whether you're setting up a new CIC, preparing your first annual accounts or looking for ongoing bookkeeping and financial management support, our team can help.
We combine specialist knowledge with practical advice and competitive, transparent fees.
CIC Accounting Is Different
A Community Interest Company is a limited company established to benefit the community. Although CICs have many of the same accounting and Companies House obligations as other companies, they also have additional reporting requirements.
CICs must prepare and file annual accounts and submit a Community Interest Company report (CIC34). They may also have corporation tax obligations depending on their activities and sources of income.
Having an accountant who understands CICs can make the year-end process considerably simpler.
Our CIC Accounting Services
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CIC Annual Accounts
Preparation of annual accounts and support with submission to Companies House.
CIC34 Community Interest Company Report
Support with preparing the annual CIC34 report and reporting how the CIC's activities have benefited the community.
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Corporation Tax
Preparation and submission of corporation tax returns where required, including consideration of the tax treatment of the CIC's activities.
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Bookkeeping
Ongoing bookkeeping using cloud accounting software, keeping financial records accurate and up to date.
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Payroll & Pensions
Payroll processing, HMRC submissions and workplace pension administration.
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Management Accounts
Monthly or quarterly reporting to help directors understand income, expenditure, cash flow and overall financial performance.
Budgeting & Forecasting
Annual budgets, cash-flow forecasting and financial modelling.
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Virtual Finance Office
An outsourced finance solution for CICs requiring ongoing finance support without employing a complete internal finance team.
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Strategic Finance Support
Experienced finance support for organisations dealing with growth, funding, financial challenges or changes to their operating model.
Starting a New CIC?
We can help establish appropriate accounting processes from the outset, including accounting software, bookkeeping processes, payroll and financial controls.
Starting with the right financial systems can save considerable time and expense later.
Already Have an Accountant?
Switching accountants doesn't need to be complicated. Once you appoint Bowdon Accounting, we can manage the professional clearance and handover process with your existing accountant and help make the transition straightforward.
Looking for Specialist Accounting Support?
Tell us a little about your organisation and the support you need. We'll come back to you to discuss your requirements and provide a clear quotation.
Email Address
Office Base
London, UK
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