Timing of your 2016 Dividend

From April 2016, the Dividend Tax Credit will be replaced by a new tax-free Dividend Allowance of £5,000.

Tax will be payable on dividends over £5,000: 7.5% on dividend income within the basic rate band, rising to 32.5% within the higher rate band and 38.1% within the additional rate band.

Please do get in touch with us to discuss your personal circumstances and the timing of your dividends.

Solvent Winding Up of a Company

Business owners might like to consider bringing forward the winding up their solvent company to fall within the 2015/2016 tax year due to possible changes in the rules. Draft anti-avoidance legislation in the 2016 Finance Bill, would treat a distribution after 6th April as an income distribution.

Time is short to beat this deadline - please get in touch urgently, if you wish to discuss this further.

Are you making the most of the available tax saving opportunities?

With the 5th April 2016, rapidly approaching, now is the time to get in touch with us to discuss your personal tax planning. 

Possible strategies could include:-

• Taking advantage of the tax breaks available to you and your business
• Planning to extract profits from your business tax efficiently
• Utilising tax-advantaged savings options (including pensions)
• Minimising the inheritance tax due on your estate

Download our Year-end Tax Planning Fact Sheet

Funding for Growth

How you fund your growth is one of the key decisions you will make, whether you are a start up or an early stage business. Although certain businesses may immediately generate sufficient cash flow, typically external finance will be required. Read Oliver Burton's latest blog on Funding for Growth to find out more.

We have significant experience in helping clients raise funding and have numerous relationships with debt and equity providers. Please get in touch if you would like to discuss funding your business by calling 01628 76000.

Take a look at our Fact Sheets:-
Venture Capital Trusts
Enterprise Investment Scheme
See Enterprise Investment Scheme

One20 Lunch Club
Thursday, 25th February

DRG is delighted to be sponsoring the One20 Lunch Club, set up by the Maidenhead Chamber of Commerce. Enjoy a delicious 2 course meal and a glass of wine at Fredricks Hotel while  really getting to know other members of the business community. The first lunch will be on Thursday, 25th February and costs £25 for Chamber Members and £35 for non-members.

DRG Women in Business Lunch Tuesday 15th March

Join us for our complimentary Women in Business networking lunch, where Cheryl Adams, from Santander Bank will be giving some invaluable insights into how women can progress their careers. Places are limited so do reserve your place today.