Charities receive a lot of benefits due to the special nature of their legal structure – it is specifically for organisations that are doing something charitable and intending to have a public benefit.
Tag: Business Planning
If you’ve decided to run your social enterprise as a limited company then you aren’t likely to be eligible for as many sources of funding as CICs (Community Interest Companies), and you’ll be eligible for far less than charities.
This is such a common question, especially now conversion from a CIC (Community Interest Company) to a CIO (Charitable Incorporated Organisation) is much easier than it was previously.
There are specific rules that mean if you are a Director of your organisation you are treated as an office holder by HMRC, and this means any payments you receive for your role as a Director must be as salary and subject to PAYE.