Share this content
12

CIC software

Any recommendations?

Didn't find your answer?

Does anyone use any bespoke CIC software they would recommend please? I'm currently using a macro enabled excel sheet and it's functional but ain't pretty!

Replies (12)

Please login or register to join the discussion.

avatar
By johnt27
10th Jul 2020 21:46

What does it need to be bespoke for exactly? I have plenty of CIC clients using one of the many off the shelf accountancy packages

Thanks (1)
RLI
By lionofludesch
10th Jul 2020 23:22

There's little difference between a CIC and a run of the mill company. What need do you foresee that suggests you'll need something out of the ordinary?

Thanks (2)
avatar
By Ruth Dudley
11th Jul 2020 08:33

Ok not bespoke. Apologies. Let’s try again. Does anybody recommend any particular software for filing CIC accounts other than Andica.

Thanks (0)
Replying to Ruth Dudley:
My photo
By Matrix
11th Jul 2020 11:15

I thought you had to file them on paper with the CIC return so it is the iBRXl tagging surely for the CT600 which would require software.

Accountants in practice tend to use VT Software or Taxfiler but if you want stand along licences then I am sure Andica is fine.

Thanks (1)
Replying to Matrix:
RLI
By lionofludesch
11th Jul 2020 11:23

Matrix wrote:

I thought you had to file them on paper with the CIC return so it is the iBRXl tagging surely for the CT600 which would require software.

Now I come to think of it, you're right.

But what's different about a CIC from HMRC's point of view ? I can't think of anything and I'm pretty sure I just used Taxfiler. HMRC don't need (or want) the narrative report, afaIk.

Thanks (0)
Replying to Matrix:
avatar
By Ruth Dudley
11th Jul 2020 16:29

They opened up online filing in September last year. 2 days after Id don’t it on paper!

Thanks (0)
Replying to Ruth Dudley:
My photo
By Matrix
11th Jul 2020 16:41

OK thanks. How do you file the CIC report online? Are you looking for specific software for this?

Sorry I can’t help since my client will continue to file on paper, I just send them the accounts and they send with the CIC report.

Thanks (1)
RLI
By lionofludesch
11th Jul 2020 09:36

I just file them on paper. It requires a little more foresight but I never had enough CIC clients to justify the cost.

Thanks (0)
avatar
By ArianBloodwood
16th Jul 2020 11:21

The CIC Regulator opened up online filing last year BUT it's not really what I'd call "online": it's basically the Companies House online accounts-filing facility with an added section where you copy-paste the answers to the questions on the CIC34. Then in order to submit you have to upload wet-signed copies of the Statutory Accounts and the CIC34! In other words the ONLY difference between before and after is you don't have to mail off the signed hard copies to Co Hse. Instead you upload scans of the signed hard copies. So 21st century...!

CICs have standard statutory reporting requirements for companies i.e. Statutory Accts to Co Hse and CT600 to HMRC. For these I use Taxfiler to prepare them and Taxfiler again to file the CT600. In addition CICs have the extra requirement of the CIC34 annual report. Both the Accounts and the CIC34 have to be wet-signed by Directors - then either uploaded online or mailed off to Co Hse.

Thanks (1)
Replying to ArianBloodwood:
avatar
By Ruth Dudley
16th Jul 2020 16:21

A million thanks!

Thanks (0)
All Paul Accountants in Leeds
By paulinleeds
16th Jul 2020 11:37

I filed CIC accounts through a special Companies House link last week that I found through a Google search as client has posted accounts months ago and had not been received / processed.

No need to upload wet signature of scanned accounts. It's like the usual micro-entity grid on Companies House with more boxed and numbers to file including pasting text into boxes for the CIC34 form (with the £15 fee).

Very quick to use if you have prepared accounts and can copy and paste, especially for the odd CIC that we have to file from.

You cannot file Micro-entity accounts through the new online system. You can only file FULL accounts. You SHOULD file what you prepare i.e. you should not use the new online service to file filletted full accounts when you prepared Micro-entity account .

However, practically you can type in the Balance Sheet, paste some accounting policy notes text and complete the grids for fixed assets, debtors, creditor notes etc.

A link to the new online account filing for CICs is here i.e.
https://beta.companieshouse.gov.uk/accounts/cic/before-you-start

Thanks (1)
Replying to paulinleeds:
avatar
By Ruth Dudley
16th Jul 2020 16:20

That is brilliant information thankyou!

Thanks (0)
Share this content

Related posts