Why do Clients turn to Accountant for Workplace Pension advice?
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Transcript of Why do Clients turn to Accountant for Workplace Pension advice?
A key link in the chain
For small business clients
Workplace Pension Auto Enrolment for Accountants
Cutting through financial complexity
Clients need your help with Auto Enrolment
cutting through financial complexity 2
1.8 million small and micro businesses in the UK will have to put in place an Auto Enrolment Workplace Pension for their employees by 2018, according to The Pension Regulator estimates. 46% of firms with 5 or fewer employees will turn to their accountant for help with Auto Enrolment according to statistics from TPR. The majority of micro employers will seek your assistance to meet their obligations. How are you helping them?
cutting through financial complexity 3
Business owners trust their accountants
Clients will turn to their accountants for advice. They’ll expect you to explain the changes and help them comply with the legislation
Workplace Pension Auto Enrolment is complex and time consuming. Businesses need your help
Clients want to understand the cost implications, as well as the impact on their business’s profitability and likely tax implications
45% of small businesses are in the dark about how to approach auto enrolment and unclear about their responsibilities, according to the FSB
Your Auto Enrolment dilemma: how involved should you be?
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• Automatic enrolment is not just an issue for pensions experts. It affects many aspects of business such as payroll, human resources, legal and finance
• All employers will need to comply no matter what their size by 2018
• The Pensions Regulator is ensuring compliance, by imposing penalties on those who do not comply
Your dilemma
Accountants need to decide how involved to be when it comes to Auto Enrolment – its your choice…
Little or no involvement • Taking a reactive approach, offering limited
support when clients ask for help • No involvement as the practice is not well
equipped to manage Auto Enrolment • Using a partner to manage compliance and other
steps in the complex process
Full or partial involvement
• Taking the lead with a proactive approach that clients really appreciate
• A great business opportunity
• Already supporting clients with payroll services, so this is a natural add-on service
cutting through financial complexity
Do you have the right Auto Enrolment solution for your clients?
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Automatic enrolment is presenting accountants with a new opportunity, don’t miss out
• Additional services to existing clients
• Bringing in new business
• Reinforce clients’ trust in their accountant by delivering excellent service and options
cutting through financial complexity
Are you prepared for the 2017 rush? Over 800,000 estimated businesses need to get Workplace Pension compliant next year. As time runs out, you’ll see more and more businesses turn to their trusted accountants to help them handle their responsibilities. Are you ready to help them get it right?
Your options 1. Provide your own fully serviced in house solution handling all aspects 2. Utilize existing payroll services, which only handles part of the solution 3. Choose Husky as your cost effective partner to complement your own services 4. A combination of the above
Contact Peter Williamson on: T. +44 800 044 8114 E. [email protected] www.huskyfinance.com
© 2016 Husky Finance. Husky Finance is a trading name of Financial SatNav.
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outcomes for small businesses