Posts tagged: pension schemes

Autumn Newsletter 2017 – Tax News, Tips & Recommendations

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By , November 27, 2017

Taxfile's Autumn 2017 newsletter for limited company clients

Taxfile’s Autumn 2017 newsletter for limited company clients is ready to view. It’s jam-packed full of useful tax- and Taxfile-related news so grab a hot drink and take a ten minute read. It may save you money and will certainly make you aware of some important HMRC deadlines coming up in the near future. Articles include:

    • Farewell to Ali
    • Bank Downloads Save Time & Money
    • Deadlines & Key Dates
    • The Future is Digital
    • Accounting for VAT
    • Have you made a Capital Gain?
    • Assets Overseas? Non-Resident Landlord? Read This!
    • Do you Employ People?
    • C.I.S. Subbies: Claim your Tax Refund for Christmas!
    • The Benefits of Using Taxfile
    • All Your Tax & Accounting Needs Taken Care of
    • Tax Affairs in a Mess?
    • Who Works at Taxfile?

You can view the newsletter online here or download it in Acrobat PDF format here. If you’d like to print it out, it’s best to print out from the Acrobat PDF version.

If you’d like to be automatically sent a copy of future e-news from Taxfile, you can sign up here. Just enter a few details and we’ll add you to our distribution list free of charge. We only send a few e-communications each year and you can unsubscribe at any time by clicking a link in the footer of each email you’ll receive. We will not sell or share your details with anyone.

If you would like to discuss any tax or accounting issues, simply book an appointment with our Dulwich office or call 0208 761 2268 and we’ll be happy to assist you.

Taxfile Nominated for Major Accounting Award

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By , September 20, 2016

Taxfile nominated as Finalist in the British Accountancy Awards 2016

Taxfile is delighted to be a Finalist in the ‘Independent Firm of the Year, Greater London‘ category of the sixth annual British Accountancy Awards 2016. It’s a great honour and Taxfile’s Founder, Guy Bridger, would like to pass on his congratulations to all Taxfile staff, particularly Julie, Ewelina, Faiz and Ali, as this is recognition for all their hard work. Taking place on the 29th of November at The Brewery, London, the event promises to be a night to remember with a three-course dinner, guest host and the Awards ceremony itself. More information about the awards, and those shortlisted, is available here.

Taxfile’s Dulwich office specialises in accountancy-related work for limited companies and SMEs. Part of that includes year end accounts as well as handling of corporation tax, income tax and payroll, NI, VAT and company formations. Taxfile also recently launched its service to help companies with their Auto Enrolment duties in relation to the new Workplace Pensions. So, really, Taxfile can help with anything from simple bookkeeping and tax returns to complex tax problems. Call 0208 761 2268 for further information, book a 20 minute appointment online here or send us an emailed message here and we’ll be happy to help.

The Dulwich office of Taxfile is at 11a Turney Road, London SE21 8LX.

Customer Newsletter, Summer 2016

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By , September 20, 2016

Customer Newsletter, Autumn 2016

Check out our latest newsletter for our limited company clients. This was recently emailed to our client database, however if you missed it, here’s another chance to find out more.

The newsletter includes:

  • a thank you to all clients;
  • updates on Ali and Daniel following their return from their Summer breaks;
  • news about Lynsey who is now offering help with Auto Enrolment duties in relation to Workplace Pensions;
  • confirmation of the various VAT-related services available from Sue, Dominika and Magda;
  • updates about Guy’s services and availability in London from Tuesdays to Fridays inclusive;
  • opening times for the Dulwich office;
  • free Tax Enquiry Fee Protection Insurance for Taxfile customers;
  • a customer feedback request from Guy;
  • accounting software to make your life easier, save you time and much more;
  • and finally, a sad farewell. Continue reading 'Customer Newsletter, Summer 2016'»

Automatic Enrolment for WorkPlace Pensions: Many SMEs Are Still Confused

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By , August 26, 2014

Back in April we wrote about the new Workplace Pensions and Automatic Enrolment. Since then some concerning information has been brought to light following some research by HW Fisher & Company:

  • 67% of the 750 SMEs responding to the survey said that they have no idea when their ‘Staging Date’ is;
  • 49% of them said that they understand little or nothing about the preparations they will have to make;
  • 35% said they don’t know how to start the process so have done absolutely nothing so far;
  • 30% of the respondents are concerned about the set-up costs;
  • 32% of them said that they do not know how to gauge the future impact of participating in Workplace Pensions;
  • 62% are worried about the costs of continuously having to make employer contributions to staff pensions;
  • and 47% voiced concerns about the additional administrative overhead which would be involved managing the scheme.

The findings are not surprising. After all, many SMEs will not have any previous knowledge of dealing with staff pension schemes, nor will they have experience or perhaps even the budget to cover the associated costs. While the reasoning behind the introduction of WorkPlace Pensions and Automatic Enrolment is sound, the reality is that this is likely to become another unwelcome administrative burden for the smaller business owner – and of course it represents Continue reading 'Automatic Enrolment for WorkPlace Pensions: Many SMEs Are Still Confused'»

Workplace Pensions & Automatic Enrolment

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By , April 24, 2014

Between October 2012 and 2018, all UK employers must have complied with the new government initiative and have enrolled all eligible staff into a new ‘Workplace Pension’, a process known as automatic enrolment. Employers will each be allocated a staging date, which is the date by which they must launch the new Workplace Pension scheme for eligible employees. Failure to comply could mean penalties and enforcement actions being taken against the non-compliant employers.

Who pays in?

  • Employees who do not opt out of the scheme* will pay a minimum percentage of their earnings above £5,668 (figure correct at time of writing);
  • Employers will also contribute to the pension fund for employees;
  • The Government also helps because payments into the scheme are, in effect, tax-free.

What date do employers have to launch the scheme?

The date that the scheme goes live will vary from one employer to another, based primarily on the number of employees in the organisation. Larger employers will launch earlier (from October 2012) while those employing only a few employees will launch later (up to 2018). The exact launch date is known as the ‘staging date’ and employers can find out their own particular staging date by visiting this link and entering their PAYE reference. The Pensions Regulator advises that, once they know their staging date, employers should begin preparations at least 12 months in advance.

A quick PDF guide to preparing for automatic enrolment can be found by right-clicking this link or by visiting the Pensions Regulator help area. Tools for creating an employer’s action plan are also available, here.

Eligible Staff

Eligible staff are employees who Continue reading 'Workplace Pensions & Automatic Enrolment'»


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