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        David Williamson Ltd

        Chartered Certified Accountants

Telephone:  01253 590510
Fax:             01253 590511    

Welcome to David Williamson Accountants for the Blackpool, Preston & the Fylde Coast Area

Blog


David Williamson Ltd., Chartered Certified Accountants,Blackpool, are a professional and friendly firm committed to providing excellent service coupled with expert advice to individuals, new business start ups and established businesses. Our philosophy is to establish a good working relationship with our clients to ensure that they obtain the maximum profitability from their business, coupled with efficient tax planning and mitigation.

Newsletter

Posted Monday 15 Apr 2013 15:39 PM

. David attended the Special Schools Music Festival organised by Superintendent Gerald Richardson Memorial Youth Trust on Friday 9th May 2014. It was held at Ribby Hall Village and as always we were indebted to the Harrison Family and staff for their generous support. The children gave us a memorable day and our thanks goes to them and their teachers,assistants and helpers- I am sure that everybody was left with a lasting impression of the day.

PENSIONS
All small businesses should be considering their pension arrangements if they not already made provision. From October 2012 employers have been required by law to enrol eligible workers into a qualifying workplace pension arrangement. Eligible workers are those aged between 22 and state pension age and earning above the income tax personal allowance(£9440 in 2013/14)The implementation dates for small businesses are as follows:-

Employees Dates
350-499 1/1/2014
250-349 1/2/2014
240-249 1/4/2014
150-239 1/5/2014
90-149 1/6/2014
50-89 1/7/2014
40-49 1/7/2015
30-39 1/9/2015

Employers with less than 30 employees wiill have implementation dates, depending on their PAYE reference numbers, from August 2015 to April 2017. We recommend that you do ensure that you get further information on this subject.


NEW PENSION RULES FROM APRIL 2015
On reaching 55 you will be able to withdraw the total fund in one go, however,the tax free cash sum is limited to 25% of the total fund, anything drawn in excess of this will count as taxable income and could push you into higher rate tax.


DIRECTORS LOAN ACCOUNTS
Borrowing money from your company is a tax and cost efficient method of borrowing. At current commercial interest rates, taking into account loss of interest to the company,company Class 1A contributions and personal tax, there is a clear financial advantage at present. If you would like more information on this matter please contact us.


WAGES SERVICES
We have experienced a substantial increase in requests for wages preparation and management probably influenced by the introduction of Real Time Information. We offer a fully comprehensive wages service at very competitive prices which is designed to relieve businesses of the burdens of payroll and release time for owners to concentrate on running the business more efficiently and more profitably.
Please note that the minimum wage for over 21s has increased to £6. 31 from 1/10/2013,it increases to £6. 50 from ist October 2014.

ANNUAL INVESTMENT ALLOWANCE
From 1st April 2014 for companies and 6th April for unincorporated businesses, the AIA increases to £500,000, it is scheduled to be cut back to £25,000 on 1st January 2016.

MANAGEMENT ACCOUNTS
The provision of management accounts can be important to a business ; not only to monitor the business but they can also assist in the provision of finance to the business by giving banks , etc. Up to date information - please contact us for details and quotes.

REFERRAL FEES
We are always appreciative when existing clients recommend us - recommendation is the best form of advertising. We pay a referral fee ( between £50 & £100 ) on a new client joining us, please contact us for details.

JOKE OF THE MONTH
A man comes home to find his wife in bed with his best friend so he pulls out a gun and shoots him dead. The wife says "If you carry on like that you'll soon have no friends left"

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