Are you really thinking of changing payroll software in Month 2 of the tax year? You should have thought about this in March at the latest.
It is difficult to transfer payrolls in mid-year - particulary if the previous software was Sage - and can lead to duplication of employee records and hence, BR or 0T PAYE codes.
If you shorten by 1 day, you do not have to change the accounts to the new accounting date because s.390(3) CA 2006 allows accounts to be made up to any date within 7 days before or after the ARD. You can therefore file your existing externally prepared accounts as they stand within 3 months from the date of giving notice to CoHo of the shortened ARD.
Just send one annual Employee Pay Details Analysis now and tell the director to pay himself the Net Pay shown in the third column from the right. The analysis shows all the deductions from gross pay in accordance with the law.
If (and only if) the code changes mid-year, you will have to amend the payroll and send the director another Pay Details Analysis, but it would still be only two communications in the year, rather than 12.
You must declare dividends (which must then be declared by the shareholder as income, whether received or not) to all holders of a class of shares.
If some shareholders want to take dividends and others don't, you will have to amend the company's Articles by Special Resolution to split the Ordinary shares into A & B Ordinary shares, which rank "pari passu" in all respects except dividends. You then have to re-assign the existing shares to the new A & B classes of shares. You can then declare a dividend on one class but not on the other.
I would suggest that you also get a shareholders' agreement on the lines that the non-divi shareholders do not lose out.
For the 18 months to 31/12/18, the comparative period is the year to 30/06/17. Make sure that both P&L columns are clearly headed with the length of their respective periods.
I hope you were not thinking of scaling up the figures for the year to 30/06/17 by 1.5 or perhaps, of adding half of the y/e 30/06/16 to the y/e 30/06/17.
My answers
Are you really thinking of changing payroll software in Month 2 of the tax year? You should have thought about this in March at the latest.
It is difficult to transfer payrolls in mid-year - particulary if the previous software was Sage - and can lead to duplication of employee records and hence, BR or 0T PAYE codes.
Just to clarify ...
If you shorten by 1 day, you do not have to change the accounts to the new accounting date because s.390(3) CA 2006 allows accounts to be made up to any date within 7 days before or after the ARD. You can therefore file your existing externally prepared accounts as they stand within 3 months from the date of giving notice to CoHo of the shortened ARD.
Seconded
Why send payslips for each month?
Just send one annual Employee Pay Details Analysis now and tell the director to pay himself the Net Pay shown in the third column from the right. The analysis shows all the deductions from gross pay in accordance with the law.
If (and only if) the code changes mid-year, you will have to amend the payroll and send the director another Pay Details Analysis, but it would still be only two communications in the year, rather than 12.
Or use proper payroll software that can produce the payslips which are required by law if there are any deductions.
Do they use Tide to launder their money?
You must declare dividends (which must then be declared by the shareholder as income, whether received or not) to all holders of a class of shares.
If some shareholders want to take dividends and others don't, you will have to amend the company's Articles by Special Resolution to split the Ordinary shares into A & B Ordinary shares, which rank "pari passu" in all respects except dividends. You then have to re-assign the existing shares to the new A & B classes of shares. You can then declare a dividend on one class but not on the other.
I would suggest that you also get a shareholders' agreement on the lines that the non-divi shareholders do not lose out.
Strewth! That post was 11 years ago - but it still applies today.
What is the heading?
What is the question?
What does "knocked back" mean?
What "online method" - Basic PAYE Tools?
For the 18 months to 31/12/18, the comparative period is the year to 30/06/17. Make sure that both P&L columns are clearly headed with the length of their respective periods.
I hope you were not thinking of scaling up the figures for the year to 30/06/17 by 1.5 or perhaps, of adding half of the y/e 30/06/16 to the y/e 30/06/17.