FWD Tax Tips and News

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01/12/2020
Finance Bill 2021 and other changes
Although there is no official Budget statement this Autumn, HMRC have published details of a series of measures affecting tax. Some of the changes will take place straight away or from April 2021, others are to be consulted on and included in draft Financ Read More...
 
HMRC encourage businesses to register for the Trader Support Service
The Government is urging businesses to sign up to the Trader Support Service (TSS) before the end of the Brexit transition period. The new service provides a free-to-use digital platform to help businesses and traders of all sizes navigate the upcoming ch Read More...
 
Directors' loans - a reminder of the tax charge
Cash transactions between a director and a personal or family company are recorded through the director’s account. At the end of an accounting period, if the director owes the company money (ie the account is considered overdrawn), and the company is clos Read More...
 
Gift Aid tax relief
This year, many charities have been heavily impacted by the coronavirus pandemic and have struggled to raise funds. Highlighting the prospects of tax reliefs on donations is one way to encourage gifts. Broadly, the government’s Gift Aid scheme is designed Read More...
 
December questions and answers
. I am currently in the process of purchasing a property which includes a separate granny annex. Since there is only one title number for the whole property, can I apply for stamp duty land tax multiple dwelling relief (MDR)? Since 1 April 2018 SDLT appli Read More...
 
December Key tax dates
19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/12/2020 30 - Deadline for 2019/20 self assessment online returns to be filed if you are an employee and want tax underpaid to be collected by adjustment to your 2020/21 PAYE code (for u 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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