CIC Payroll Services

CIC Payroll Services

What is a managed CIC payroll service?

This is were a community interest company chooses to outsource it's payroll function.

KG Accountants offers a variety of payroll services to community interest Companies, Including Weekly, Monthly and Annual payrolls, setting up and managing staff pensions.

Can you pay staff at a CIC?

Yes a CIC can indeed employ staff and pay wages just like a normal limited company but profits made must be reinvested back to the community.

Can directors of CIC be paid?

CICs have the option to pay their directors a wage or Salary. This too is overseen by the

CIC regulation’s.

The Directors wage/salary should never be more than is reasonable and remuneration arrangements should always be transparent.

General company law rules apply and there needs to be legal authority (approval by the members, or provided for in the company’s articles of association).

What is the benefit of outsourcing the payroll process ?

Payroll Outsourcing: Many Community interest companies may hire an external firm to take care of all payroll functions to save time and money, reducing the need for in-house trained payroll staff, buying and maintaining payroll software packages, and staying compliant with updated PAYE legislation.

Can employer pay into personal pension for auto Enrolment?

Your employer must automatically enrol you into a pension scheme and make contributions to your pension if you're eligible for automatic enrolment. If your employer doesn't have to enrol you by law, you can still join their pension scheme if you want to.

Hiring payroll providers can not only save big money but optimize your operations as well. Spend less time bean counting and more time focusing on growing your CIC!

At KG Accountants, we provide a cost-effective, high value Payroll solutions to meet all of your Payroll needs.

All our Payroll fees are fixed.

By giving you a fixed and competitive price, we can take the worry away when it comes to running your CIC; allowing you to concentrate on running your Community Interest Company.

Arrange a FREE initial consultation.

0207 953 8913

How we can help

Call us today on Tel: 0207 953 8913 or complete our enquiry form in order to book a FREE initial consultation

Require more information about our CIC Payroll Service?

If you're looking for payroll services for your CIC, our payroll team are here to support you. More than just payroll, we've worked with Community interest companies for over 10 years, and know the nuances and issues that can impact you and your staff.

If you would like more information or would like to ask us a question about Payroll then call us on 0207 953 8913. To ask us a question online CLICK HERE.