April 2016: Tax changes are coming, are you ready?
26th January 2016
First workshop of 2016 was a great success - it was held at MyHotel, Brighton and we are delighted to continue our workshop residency at this venue!
The topic surrounding the changes to dividend tax is extremely relevant at the moment and there is a lot of mystery around how this will impact many small to medium businesses. We had over 30 attendees, ranging from professionals wanting to find out more about the changes for their own respective clients through to owner managed businesses wanting to understand how it will impact them and the running of their business.
But first things first...breakfast!
The presentation began with Luke Thomas looking through some example scenarios with how the dividend changes would impact on your take home and this generated some great questions from the audience - it was evident from early on that a lot of tax planning would be required for businesses to really get the best solution for them and their business going forward.
Peter Hedgethorne then went on to discuss the options available to mitigate the impact of the dividend changes coming into effect from April 2016. Again it was apparant that not all these options would work for every business and it was highlighted that advice from your accountant from of paramount importance.
Going forward, the general consensus was that consulting with your accountant was necessary to ensure that all options are considered and the correct tax plan is put in place.
Luke Thomas also mentioned the other proposed changes including benefits in kind, travel subsistence and the reduction in corporation tax over the next few years - all of which will need to be considered.
We may be running this event again due to its popularity and the nature of the topic. We understand that businesses need to be made aware of all the changes coming into effect so that sufficient tax planning can be completed.
If you would like to discuss the dividend tax changes coming into effect from April 2016 with one of our Brighton accountants, please contact us on 01273 701200 or firstname.lastname@example.org
For a copy of today's presentation;