FWD Tax Tips and News

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01/12/2019
Tax-free Christmas parties
Whilst the tax legislation does not include a specific allowance for an employer providing a Christmas party for employees,HMRC do allow limited tax relief against the cost of holding a social function for employees, Read More...
 
Proposals to pay doctors’ pension tax bills: update
In an attempt to encourage working overtime shifts, doctors have been promised that their tax bills for higher rate pension relief will be covered by the NHS. This development follows the refusal by doctors to work overtime because of tax penalties receiv Read More...
 
Should I register for VAT?
In broad terms, and subject to certain exceptions, a business will be required to register to charge and pay VAT once annual sales reach a pre-set annual threshold, which is currently £85,000. This threshold is determined by total sales and is not t Read More...
 
Should I incorporate my business?
As things currently stand, the expected cut in the main rate of corporation tax to 17% from April 2020 is unlikely to happen, but current corporation tax rates remain pretty favourable. There are also other areas where company formation may help save tax. Read More...
 
December questions and answers
Q. Do all assets qualify for the capital allowances Annual Investment Allowance? Read More...
 
December Key tax dates
19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/12/2019 Read More...
 
About Us

FWD Accounts Suffolk, offering local business owners and individuals a wide range of services.

We help our clients by producing regular management accounts for their business and then talk through those numbers and what they mean.  Email Jason at jnf@fwdaccounts.co.uk if this is of interest, and he will provide you a quote for doing this and he can explain how it would work.  Waiting for this financial information until your year end is often too long, and it does not allow the business to make corrective action at an early stage, if it was necessary. It also allows us time to make tax planning decisions as the year develops, to minimize the final tax payable.

All clients are entitled to fixed fees, work delivered on time and phone support. Visit our website fwdaccounts.co.uk for more information.

 

 

 
 

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