The 10% dividend tax credit has been abolished, so it will no longer be necessary to gross up the dividend.
Pensions: Auto-enrolment In a new regime called auto-enrolment and aiming to ensure everybody will have a pension fund by the time they consider retirement, the largest employers have been required to set up pension schemes for their staff and make contributions into them. Employers with less than 50 employees have also joined the auto enrolment regime since 2015. The rest of the employers are expected to join in the next two years.
It is suggested by the Pensions Regulator that all employers should having a plan in place 12 months before their staging date as aspects of setting up for auto enrolment can take a long time.
This is a complicated matter that requires careful planning. Implementation can take some time as different pension providers have to be evaluated and the preferred provider has to be selected following careful deliberation. Failure to comply will lead to automatic penalties.
We offer a pension and auto enrolment service which among other things, will produce letters which are required to be sent to your staff members and calculate the pension contribution due.
Annual Returns filing with Companies House The time allowed for filing of Company Annual Returns has been reduced by Companies House.
Delay in filing your company’s annual return by more than two months will result in proceedings being commenced to have the company being struck off.
In order to avoid unnecessary long ranging problems, file your annual return promptly.
Use your ISA Allowance - £15,240 (2016/17) ISAs provide a means for holding savings tax efficiently. It makes sense to include them in your portfolio planning.
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