Avoid Your Business Being Penalised
01 October 2015
A free event is being organised by Wakefield first and SFB Sanders Geeson Chartered Accountants to ensure Wakefield small businesses avoid facing fines of up to £500 a day if they fail to act under government plans for auto enrolment for pensions.
According to local accountancy firm SFB Sanders Geeson, a majority of small companies are unaware of what they need to do, and as a result are open to penalties.
Small businesses face particular difficulties because:
- Ignorance - they do not realise the new rules apply to them
- Ignored - large pension providers who are targeting more profitable, larger businesses
- Insufficient resource - where small firms do not have the capacity to set pension schemes up in time
The briefing will provide business owners with the first steps on how to manage Auto-Enrolment, including a checklist of what you are required to do and what kind of pension plan your business will need.
Pension Auto Enrolment…Are You Ready? will be held at the offices of Jordans Solicitors, 18 King Street, The Civic Quarter, Wakefield, WF1 2SQ on Thursday 8th October 2015. The event will run from 11am – 12.30pm.
Commenting on the problems faced by small businesses, Thomas Szczepanski, Manager at SFB Sanders Geeson said:
“We’re finding a majority of small businesses don’t know what’s required for their auto enrolment. It’s important to plan now, even if your staging date isn’t until 2017. There are potentially extra costs and fines and we want to help you avoid them.”
Anyone interested in attending the event, or finding out more about the free event should call Thomas Szczepanski at SFB Sanders Geeson on 01924 254802 or register by CLICKING HERE
SFB Sanders Geeson is a highly regarded accountancy practice based in the centre of Wakefield. As part of The SFB Group, the firm offers a wide range of services including wealth management, business growth, corporate finance, commercial insurance and marketing services. The firm also has offices in Warwickshire, Leicestershire and the West Midlands.