Full summary of the 2007 Budget now updated to the web site.

Then you are required by law to have a Stakeholder Pension Scheme available and on offer to your employees. You do not have to necessarily contribute to the Scheme but it may encourage staff members to do so. Even if no employees take up the offer, YOU MUST HAVE THE SCHEME IN PLACE. Contact Ian Wolfson for more guidance.

From 6 April 2007, when you pay a tenancy deposit for an assured shorthold tenancy to a private landlord or letting agent, the deposit must be protected by a tenancy deposit scheme

It is generally thought that an employer can pay up to ?30,000 as an ex-gratia payment tax free on the termination of an employee's employment. HMRC has different ideas......................

Some important dates for your diary regarding Income Tax and Corporation Tax

We recommend that payroll records be maintained for the current fiscal year and the 6 previous years. The Government "Businesslink" web site has a good article on the statutory requirement - click on the title for a direct link.

The full implementation timetable for the Companies Act 2006 was announced today by Industry and Regions Minister Margaret Hodge. All of the Act will be in place by October 2008 with many elements implemented earlier.