Happy New Year to you all and hope you did not celebrate too hard.

Capital Distributions

Any of you who have large liquid reserves in your company in excess of £60,000 is a reasonable guideline and would like to use the current legislation to extract it, I suggest you get a move on. Word coming from HMRC suggests there is legislation in the offing to prevent any more capital distributions after 6thApril 2016. Please give me a call if you are in this fortunate position.

Tax Wise Auto Enrolment and Employment Contract Seminar

Again some of our clients failed to attend the above seminar and we are getting the impression that you our clients are not taking Auto Enrolment seriously! The government are imposing serious responsibilities and penalties for noncompliance on the owners of small businesses and you ignore them at your peril. I suggest you find out when your staging date for Auto Enrolment is and give Paul or Matthew a ring to get up to speed as soon as possible.

Tax Return Deadline 31/01/2016

The deadline for 2014/15 tax return submission is approaching. Some clients have still not forwarded their information to us to complete their returns. I suggest to anyone in this position that you move quickly to give us a chance to get the work done and avoid HMRC fines. Also if you know anyone who is struggling with their returns then ask them to give us a call and we will see if we can help.Top of Form

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