August 2009 Newsletter

FOREWORD

WELCOME TO PRIME CHARTERED ACCOUNTANTS AUGUST E-NEWS.

With the holiday season upon us, we’ve purposely kept this e-news short.

In this issue we provide a reminder that all Class 1A National Insurance Contributions were due on 19 July 2009 and what you should do if you are still to pay.

With swine flu still very much being covered by the media, we’ve included details of a free event hosted by Solihull Chamber of Commerce and Solihull NHS Care Trust, giving businesses the opportunity to come and listen to what the actual situation is for the local area as well as what measures can be taken to protect themselves and their employees.

We introduce Prime Technology, a new service designed to assist small and medium sized businesses with business continuity and minimizing risk – see our article below for more information.

As always, if you require any further information or require specific assistance, please do not hesitate to contact us.

Laurence Moore, Chairman, Prime Group

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Have you paid your Class 1A National Insurance Contributions?

Employers who have completed forms P11D for the tax year 2008/09 should have paid the Class 1A National Insurance Contributions (NICs) on any benefits in kind by 19 July 2009. We have become aware that a significant number of businesses have not yet paid their Class 1A NIC liability. Any unpaid NICs will attract a daily interest charge.

Penalties can be charged where forms P11D have not been submitted and no payment of Class 1A NIC has been made.

H M Revenue & Customs have recently issued statements to employers who have a shortfall of Class 1A NIC. We recommend that any amount outstanding is paid as soon as possible. If you have not yet received a payslip and you have an outstanding Class 1A NIC liability, please send a cheque to HMRC,Accounts Office, Bradford, BD98 1GG.

Please write the Accounts Office reference number on the back of the cheque.

More details can be found here.

If you need our help contact Ian Frost here.

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Swine Flu briefing update

Solihull Chamber of Commerce, in conjunction with Solihull NHS Care Trust is holding a FREE Swine Flu briefing update on Monday 14 September.

Dr Stephen Munday, Solihull’s Director of Public Health, will outline the current situation and brief businesses on the steps they and their staff should take to protect themselves against swine ‘flu.

For further information and to book your place click here.

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Prime introduces dedicated Technology arm to further support its clients and other local businesses

Over the past couple of years a number of clients have benefited from support provided by Prime with regards to their IT. Work undertaken on behalf of clients has included:

• Resolving ad hoc system and IT issues
• Providing monitoring services to pre-empt any potential issues that may prevent business continuity
• Reviewing existing systems / IT already in place to confirm they meet the needs of the business and putting forward recommendations
• Handling all IT aspects of an office move
• Recommending suppliers of various hardware and software.

If you believe your business would benefit from the support of Prime Technology, please email Nick Ballard or Mark Cowley or call 024 7622 0208. Further information is available at www.prime-technology.co.uk.

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Disclaimer
This newsletter is published for the information of clients and other recipients of our email newsletters. It provides only an overview of the regulations in force at the date of publication, and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this newsletter can be accepted by the firm.