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GuidesBlogAboutContact Start the checkHome / Services near you / CIC accountants Cardiff
CIC accountants in Cardiff who keep your accounts and reports right
CIC accountants Cardiff directors come to us for one thing first: accounts and a community interest report that Companies House and the funder will both accept, filed when they are due.
Most boards get the accounts done and are then left to write the funder’s spend report themselves, usually in the week it is due. We do both, for a fixed fee agreed before we start. Tax investigation cover is included free for every client, and every HMRC investigation we have handled, we have won.
In one lineSupreme Consultants is an AAT licensed accountancy practice in Cardiff Bay that forms community interest companies and prepares CIC accounts, community interest reports and funder spend reports for CICs across South Wales. Fees are fixed and agreed before work starts. The founders run their own community interest company, LedgerUp CIC.
Check we’re the right fit
A few questions about your business. Mudassir replies the same working day.
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
5.0 on Google from 14 reviewsReply the same working dayFee fixed before we startEnglish, Urdu, Hindi and Farsi spokenIs your CIC in good hands? Three questions.
Answer with the buttons, no email needed.
Question 1 of 3
Does your accountant reply the same working day?
Do you know your fee will not change this year?
If HMRC wrote tomorrow, would they deal with it at no extra cost?
On all three counts you are carrying work and risk that should sit with your accountant. The check asks a few more questions about your CIC and tells you what we would do differently.
Start the checkYou are in a reasonable position, with one gap that tends to show up at year end or when a funder asks for figures. Run the check and we will tell you whether it is worth moving.
Start the checkYou are well served and there is no reason to move. The guides are there if you want to read up on CIC reporting before your next filing.
Read the guidesWhat you get
Tax investigation cover at no extra charge
It is included free for every client we act for, and we deal with HMRC ourselves. Every HMRC investigation we have handled, we have won.
The funder’s report ready on the day
We keep restricted and unrestricted income apart all year, so a spend report is a short job when the funder asks for it.
Accounts and community interest report together
Both go to Companies House on time, with the community benefit written in plain English your directors can read and sign.
What CIC directors tell us when they first call
Three things we hear most weeks from community interest companies in Cardiff.
“Our funder wants a report on how the grant was spent by Friday and I have not started it.”
The figures were never split by fund, so a weekend went on rebuilding them from bank statements.
“The accountant filed our accounts but nobody did the community interest report, so Companies House wrote to us.”
A late filing on the public record is the first thing a new funder sees when they check you.
“I emailed about a restricted fund six days ago and I am still waiting for an answer.”
The board made the spending decision without the answer, and it had to be unpicked at year end.
What changes once we take it on
Your bookkeeping is set up so each grant and contract sits in its own place from day one. Accounts, the community interest report and payroll go in the diary for the year ahead, so we chase them rather than you. When you ring with a question about a fund, you get an answer the same working day and no invoice for the call.
How a general practice and we differ on CIC work
Plenty of good accountants do company accounts well and see a CIC once a year.
A general practice doing your CIC accounts
Accounts filed, community interest report left with you
Grant income lumped in with trading income
Calls and emails billed by the unit
Tax investigation cover offered as an add-on
With Supreme Consultants
Accounts and community interest report prepared together
Each fund tracked separately through the year
Calls, meetings and emails never charged for
Tax investigation cover included free for every client
Eight questions about how your CIC is run
A yes to each one means that part is already covered.
Is each grant tracked separately in your bookkeeping?
Separate tracking turns a funder report into a short job.
Is your community interest report written before the deadline week?
Written early, it can be read and approved by the board in good time.
Do you know today what your accountant will charge this year?
A fee agreed in writing up front means no invoice you did not expect.
Can you ring your accountant with a small question for nothing?
Small questions asked early are usually where money gets saved.
Are directors paid through a payroll with auto-enrolment handled?
Payroll run properly keeps HMRC filings and pension duties in order.
Is your VAT position on grant and trading income settled?
Getting that wrong shows up later as an assessment you cannot fund.
Would somebody handle an HMRC letter for you at no extra cost?
Our tax investigation cover is included free for every client.
Are your Companies House filings and director details up to date?
Funders check the public record before they release money.
What we do for your CIC
Formation through to annual filing, all on one fixed fee.
All Services near you- CIC formation
- We set the company up properly, including the community interest statement, for boards engaging us as their accountants going forward.
- CIC accounts and annual report
- Year-end accounts and the community interest report prepared together and filed at Companies House on time.
- Grant and funder reporting
- Income and spend tracked fund by fund through the year, so the report a funder asks for is ready quickly.
- Payroll, VAT and bookkeeping
- Staff paid, returns filed and the books kept current, with free migration to Xero if you want to move.
- Corporation tax and advice
- Corporation tax computed alongside the accounts, plus a steer on director pay and reserves when the board needs one.
What knowing the Cardiff rules is worth to a client
A retail franchisee in Cardiff came to us having paid full business rates right through Covid. Cardiff Council required an application for retail rates relief and nobody had told him.
Clients described by type. Names withheld.
- How it was found
- We spotted it in the first meeting while going through his costs line by line.
- What happened
- The money went back into the business and his rates were correct from that point on.
Reviews from clients
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
I just want to say a big thank you to Mudassir for all the advice, guidance and help he has provided whilst dealing with my accounts and tax returns. From start to finish the service has been excellent and professional. Unlike other accountancy firms they provide a friendly personalised service, I was very clear on the process and was even provided with additional guidance where needed. Highly recommended!
Friendly, nice 👌 , helpful and great all around
Difficult to describe as there are too many words that can be expressed for a wonderful accountant and their firm.
Definitely 🔝 and highly recommended in Wales 🏴 and throughout the UK for Accountancy and Tax Services
Shaz Khan
How switching to us works
Four stages, and the awkward conversation with your current accountant is ours, not yours.
- Before you join
A free introductory chat
Tell us where your CIC stands. If we cannot genuinely help, we will say so.
- Week one
Fee agreed and records moved
We do your ID checks, put the fixed fee in writing, and send professional clearance to your existing accountant so they hand the records over.
- First month
Past filings gone through properly
We read your previous accounts, community interest reports and HMRC records. This is where missed reliefs and appealable penalties turn up.
- By ninety days
Every deadline in the diary
Accounts, the community interest report, VAT, payroll and corporation tax are mapped for the year, and your bookkeeping is set up fund by fund.
Who we are not right for
We do not take on construction subcontractors working under the Construction Industry Scheme.
We act for community interest companies rather than registered charities.
If HMRC is already well into an investigation, we are usually too late to change the outcome, and we will tell you that on the call.
If none of those describes you, run the check and we will tell you where your CIC stands.
CIC accountants Cardiff: questions people ask
How much do CIC accountants in Cardiff charge?
We work on a fixed monthly fee agreed in writing before any work starts, so you know the number in advance. It depends on your turnover, whether you are VAT registered, how many people you pay and how tidy the records are. Calls, meetings and emails are never charged for. We quote after the introductory chat rather than guess.
Can I switch to you from our current accountant?
Yes, and we handle the handover. We send the professional clearance letter and collect your records, so you do not have to make that call. We get appointed as your agent with HMRC and Companies House, handle Companies House director ID verification at no charge where it is needed, and migrate you to Xero free if you want to move.
What happens if HMRC writes to our CIC?
Send the letter to us and we deal with HMRC directly. Tax investigation cover is included free for every client we act for, so there is no separate charge when a check lands. Every HMRC investigation we have handled, we have won. The sooner you forward the letter, the more we can do about it.
Do we have to change accounting software?
No. We work with the system you already use and will tell you honestly if it is fine as it is. If you want to move to Xero, we migrate you free as part of switching and set the tracking up so each grant and contract sits in its own place from the start.
Do you file the community interest report as well as the accounts?
Yes. We prepare the annual accounts and the community interest report together and file both at Companies House. The report is drafted in plain English, covering what the company did for the community and who benefited, and sent to your directors to read and approve before anything is submitted.
Can you set up a new CIC for us in Cardiff?
Yes. We handle the incorporation, the community interest statement and the registrations you need, including PAYE and VAT where they apply. One condition: we only form companies for clients who are engaging us as their accountants going forward, because setting a CIC up and walking away tends to cause problems in year one.
Three ways to take the next step
Run the check on your CIC
It takes a couple of minutes, and we come back the same working day with what we would do and what it would cost.
Start the checkGot a question about a grant or a filing?
Ask Mudassir directly and he will answer it, whether or not you ever become a client.
Ask Mudassir a questionStill deciding
The guides walk through CIC accounts, the community interest report and what funders expect to see.
Read the guides