In times of economic turmoil, stick to the knitting and control the controllables; business referrals; P11Ds and Companies House documents

Official Newsletter of the Pertweeville Town Parish

INTRODUCTION

The global and domestic issues are enormous right now. Inflation is sticky, unemployment rising, democracy under threat, all of which

matter none of which we control.

If there is one message I have it is, trust your process, stick to what you know, control the controllables.

BUSINESS INTRODUCTIONS

"The best way to win new business is to be referred by a customer".

Not life shattering insight but 100% true. Most of our clients have been referred by existing clients. This usually happens at a social gathering or an inflexion point in circumstances.

By doing a great job for your clients, you create the basis for referral, to convert this to a referral, be brave and ask the question "Is there any one you know who could also benefit from our service/product/experience?"

So, is there anyone you know who could also benefit from our service?

P11DS: UPDATE FOR EMPLOYERS

We’re beginning the P11d preparation for the tax year ended 5th April 2024. P11Ds are the current way in which many small companies notify HMRC of the non-cash benefits issued to employees (eg. health insurance, company car, gym membership).

The company pays employers NI on the assessed amount (payable by 22nd July 2024) and the employee must include the amount on their self-assessment as it is subject to income tax.

Effective 6th April 2026 P11ds will be a thing of the past and all benefits will have to be payrolled. We will consider implementing this a year early (depending on software capabilities) this time next year.

CONFIRMATION STATEMENTS

Confirmation Statements must be filed with Companies House annually. They provide key company information on a specific date, including details about directors, shareholders, company structure and registered office address.

To ensure your Confirmation Statement has been completed email Daniel.