Knowledge Centre Category: A

Asset Lock

An asset lock is a legal feature of a Community Interest Company that restricts how its assets and profits can be used or distributed. It helps ensure that value generated by the organisation is retained for community benefit rather than transferred for private gain. The asset lock must be written into the Articles of the company and must either specify another asset locked body (charity or CIC) or must allow the CIC regulator to decide on the final distribution of assets on winding up.

Articles of Association

A company's articles of association is its constitutional document, setting out how the company is governed and the rights attached to its shares. Green Accountancy may advise on amendments to these documents to enable eligibility for VAT reliefs, Community Armature Sports Club status, and general best practice.

Annual Investment Allowance (AIA)

The Annual Investment Allowance is a tax relief that allows businesses to deduct the full cost of qualifying capital purchases from their taxable profits in the year of purchase. Green Accountancy applies reliefs like AIA as part of its low-risk tax minimisation approach for clients.