Resolute Chartered Accountants for CICs Working in the UK
ABM Chartered Accountants provides expert accounting for CICs across the UK, from newly formed community interest companies to established social enterprises. Our ICAEW and ACCA qualified team handles asset lock compliance, CIC reporting, corporation tax and financial planning for community interest businesses and individual directors.
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What Our Clients Say About Us
Hundreds of businesses across the UK trust ABM Chartered Accountants for reliable, expert, and genuinely personal accounting services. See why clients rate us as their most trusted financial partner.
Accounting Built for Community Interest Companies
CICs face accounting challenges that general accountants rarely handle. Asset lock compliance, dividend cap calculations, CIC Report preparation, community interest reviews and corporation tax without charitable relief all demand advisors who know how community interest companies operate and report.
ABM Chartered Accountants works with CICs limited by guarantee, CICs limited by shares, social enterprises and CIC groups across England, delivering structured financial support for community interest businesses and individual directors. Every CIC Report, tax return and filing is handled.
Helping CICs Report Correctly and Plan Financially
CIC directors need more than basic compliance. ABM Chartered Accountants prepares annual accounts, CIC34 reports, dividend cap calculations, grant income tracking, contract revenue schedules and tax planning, giving directors clear visibility over community impact reporting and financial sustainability.
Whether you run a CIC limited by guarantee, operate under the dividend cap, deliver local authority contracts or combine trading with grants, our ICAEW and ACCA qualified team adapts to your structure, keeping the business and individual directors covered.
Our Accounting Services for CICs
We offer a full range of accounting, tax and advisory services for CICs, designed around the demands of asset lock compliance, CIC reporting and community interest companies operating across the UK.
Accounting Solutions
Expert annual accounts, year-end reporting, and accurate financial statements for UK businesses.
Bookkeeping
Cloud-based bookkeeping with Xero, QuickBooks, and Sage to keep accounts accurate.
Corporate Tax
Corporation tax compliance, computations, and strategic planning for UK companies.
VAT
VAT registration, quarterly returns, and Making Tax Digital compliance for UK businesses.
Payroll
End-to-end payroll, PAYE, RTI submissions, and pension auto-enrolment managed on time.
Audit & Assurance
Statutory audits, independent reviews, and assurance services for confident financial reporting.
Business Advisory
Cash flow forecasting, growth planning, and advisory support for confident decisions.
Company Formation
Fast UK company formation, Companies House registration, and full HMRC tax setup.
Management Accounts
Monthly or quarterly management accounts with KPIs, variance analysis, and clear insights.
Why CICs Choose ABM Chartered Accountants
Sector Expertise
Strong grasp of asset lock, CIC reporting and compliance.
Qualified Specialists
ICAEW and ACCA members experienced with community interest companies.
Cloud-Based Delivery
Secure remote access to accounts and filings nationwide.
Supporting CICs Across the UK
ABM Chartered Accountants supports CICs and social enterprises throughout England, from London and the South East to the Midlands, North West and beyond. Our cloud-based systems deliver specialist accounting to community interest businesses nationwide.
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
Book a Consultation
Fill in the form below and one of our expert accountants will contact you promptly to discuss your accounting and tax requirements.
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Frequently Asked Questions
Here are answers to common questions CIC directors, social enterprise founders and community business operators ask about specialist accounting.
How does the asset lock affect accounts?
The asset lock ensures profits and assets serve community benefit. Distributions must comply with CIC regulations. On winding up, residual assets transfer to another asset-locked body.
What is the CIC dividend cap?
CICs limited by shares can pay dividends capped at 35% of distributable profits. Per-share dividends must not exceed 20% of paid-up value. Unused capacity carries forward four years.
What is included in the CIC Report?
The annual CIC34 Report filed alongside accounts must describe community benefit activities, directors’ remuneration, dividends declared, stakeholder engagement and any asset transfers to other locked bodies.
Do CICs pay corporation tax?
Yes. CICs pay corporation tax at standard rates. They do not qualify for charitable relief, Gift Aid or stamp duty exemptions. Tax planning within the rules remains important.
How is grant income accounted for?
Grants are recognised when conditions are met. Performance-related grants are recognised as conditions are fulfilled. Tracking grant income separately from trading revenue ensures clear reporting to funders.
Can ABM support CICs nationwide?
Yes. ABM Chartered Accountants serves CICs across England using secure cloud-based platforms, delivering specialist accounting to community interest companies, social enterprises and CIC groups.