From the 1st October 2016, the national minimum wage rates for the different age bands and for apprentices are increasing.

The new rates from next month will be as follows;

From October 2016 - April 2017

Adult rate (21+)NLW (25+)        £7.20

 Adult Rate (21-24)                    £6.95

YDR (18-20)                               £5.55

16-17 Yr Old Rate                       £4.00

Apprentice Rate                        £3.40

Please ensure your current payroll system is compliant in advance of the changes.

POST BY CAROLINE

 

If you would like more information on the minimum wage requirements or have a payroll query, please contact us on 0845 303 1144 or email info@coopercurtis.co.uk. 

Please note, all our content is for general guideline only, every case is different and we would recommend speaking to us before taking any action as a result of the content. The content was correct at the time it was published. 

I am delighted to announce that Cooper Curtis has been accepted as a Recruitment Service Provider for TEAM, (The Employment Agent Movement) the UK's largest network of independent recruiters. 

We are looking forward to sharing industry knowledge with our fellow members and attending meetings through TEAM's regular networking events. 

We like TEAM's ethos 'nice people to do business with' because we like to think that's how our clients see us and is why I believe our new partnership will work well. 

To see Cooper Curtis on TEAM's website or to find out more about the benefits in becoming a member;

Post by Brian 

 

Cooper Curtis Accountants are delighted to celebrate their 5th Anniversary of trading in Warwickshire.

Since opening its doors in Leamington Spa in April 2011, the progressive accountancy practice has steadily grown and in 2015 moved into larger premises in the delightful Warwickshire village of Fenny Compton close to the Oxfordshire border.

Brian says, ‘When we started up, our offering to Clients was limited to End of Year Company Accounts and Taxation as well as Tax Returns, VAT, Bookkeeping and Payroll but what we are now offering Business Planning, Exit Planning and Tax Planning which are all proving very popular with Clients’.

Cooper Curtis are also specialists in working with Recruitment Companies with offices in Birmingham and Manchester covering the West Midlands and the North-West of England.

To arrange your free, no obligation consultation ring Brian on 01295 770844 or request a call back.

From the 6th April, ALL limited companies & LLPs will be required to hold and have available for inspection a register of people with significant control over the business. The Companies House Annual return will be abolished and details from the PSC register will need to be submitted every 12 months instead. 

'What constitutes significant control?'

A person defined as having control is someone who meets one or more of the following conditions.... 

1. Direct or indirect ownership of 25% of the company's shares

2. Direct or indirect control of 25% of  the limited company's voting rights. 

3. Direct or indirect right to appoint or remove a majority of the board of the company of directors. 

4. Has the right to exercise significant influence over the control of the company

5. Has the right to exercise significant influence or control over activities a trust or firm which itself meets one or more of the first four conditions.  

'So what do you need to do next?'

Once you have identified every person with significant control, you must maintain the following information about each individual...

1. Name

2. Registered office address

3. Nationality

4. Date of Birth

5. Usual residential address

6. Date from which person became a registrable person or person with significant control in the company

7. Nature of their control (%age of control) 

An updated 'Confirmation Statement' formerly the Annual return, must be submitted to Companies house every 12 months, and a register must be maintained from April 2016. Filing at Companies House will commence from  30 June 2016. 

What will happen if I fail to keep accurate information on a register?

Failure to provide accurate information when requested for an inspection is a criminal offence and you could find yourself with a hefty fine or even up to 2 years in prison!

If you would like more information on the Person with Significant Control 'or 'PSC' Register, please contact Brian on 0845 0303 1144 or email brian@coopercurtis.co.uk. 

Please note, all our content is for general guideline only, every case is different and we would recommend speaking to us before taking any action as a result of the content. The content was correct at the time it was published.

Wishing a peaceful Easter break to all from Cooper Curtis Accountants Cooper Curtis provide a full range of Accountancy/Tax and Business growth services to all types of businesses. For an approachable, reliable and pro active service, look no further than Cooper Curtis.

Wishing a peaceful Easter break to all from Cooper Curtis Accountants

With the Budget taking place yesterday, there were a number of significant changes announced and confirmed coming in from April....

Some of these were expected, such as the Travel and Subsistence tax relief restriction for those employed via an employment intermediary. We expect the re-percussion of this will be a skills shortage for workers unwilling to travel. 

A surprising announcement was a drop in capital gains tax to 10% and 20%. This is the chancellor's move to encourage enterprise investments. But, this does not apply to residential properties or carried interest, which remain at the 18% & 28% tax rates. 

We knew the new dividend tax regime from April was going ahead so this comes as no surprise. We have been busy reviewing our clients' records over the past few weeks to seek out any tax saving opportunities. 

Read our Guide to the Budget Summary here

If you have any concerns about any of the announcements made in the recent Budget and would like a confidential chat to an advisor, please call 0845 303 1144 now or email info@coopercurtis.co.uk