Let’s talk CICs: An overview of Community Interest Companies
A business structure that is perhaps often overlooked, if you are considering setting up a social enterprise, then there are in fact considerable advantages to operating as a CIC.
Jimmy joined Price Bailey in 1998 as a trainee and qualified as a Certified Accountant in 2004. He is a manager of a portfolio of owner-managed businesses, which ranges from personal tax returns, sole traders to Limited companies.
Jimmy works closely with his clients to help with both compliance issues and the development of their business.
He also has considerable knowledge of many cloud and desktop accounting solutions, including Sage, Xero, and QuickBooks Online.
He also works alongside our Outsourcing team and provides both bookkeeping and management accounts solutions to clients.
Jimmy also provides bespoke management accounting solutions to Charities and other Not for Profit organisations.
Outside of work, Jimmy is an avid Norwich City fan, enjoys building Lego, and also writing quizzes for staff social events!
Articles by James
Director’s loan interest and how it could reduce your tax bill
Charging interest on director’s loans can be a tax‐effective method for extracting funds from a limited company, and should be considered alongside salary, rent and dividends. When structured correctly, it can significantly boost tax efficiency. Find out more here...
Preparing for P11D 6 July deadline
With the 6 July deadline approaching for submitting P11D forms to HMRC, read our reminder of the intricacies and requirements of these forms to ensure preparedness, accuracy and minimise the chances of any complications.
Pre year-end considerations
As year-end approaches, read our article where we outline the key considerations that you should review ahead of time, as well as details of how we can assist.
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