The Chancellor of the Exchequer, George Osbourne, announced a new dividend tax regime in his first post-election budget effective from the 6th April 2016. For many this could lead to a small windfall but for others it could lead to an increase in their tax liability.
Here at Ovation we try to help our clients achieve financial wellbeing. Debbie Kleiner Gaines from PES Consulting is very interested in the concept of wellbeing, especially in the workplace. We asked her to give us a few thoughts that business owners and managers might find interesting.
I’ve just returned from a holiday in Japan. We (my wife and two kids 12 and 14) went to Tokyo, Hakone (a National Park) and Kyoto. We chose Japan because we wanted to experience a genuinely different culture to our own, and that is certainly what we found.
Ovation first opened its doors to clients in January 2000, making 2015 our 15 year anniversary.
But the year 2000 wasn’t remarkable only for seeing the birth of Ovation! It started with relief that computers all over the world didn’t all shut down, with predictions of aeroplanes falling from sky proving unfounded.
Purchasers and owners of commercial property have an unusual chance to save significant amounts of tax in a way that is encouraged by government. Current owners and potential purchasers should seek expert advice quickly to secure the value hidden in a property transaction.
And it certainly seems to be turning out that way. To remind you, in the March Budget George Osborne proposed a number of significant changes to pension rules. Most of these were to come into effect from April 2015. We sent you a summary at that time (link to The Budget – Our Thoughts For Ovation Clients blog).