| More PAYE Reconciliations |
| In October and November last year we told you the Taxman was issuing 6 million tax reconciliations (forms P800), for the tax years 2008/09 and 2009/10. This process is still not complete, but the Taxman has started to issue a further 450,000 forms P800 fo Read More... |
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| Changes to Tax Credits |
| The system of Child and Working Tax Credits is due to be reformed over the next few years, and it is expected a new benefit called Universal Credit will replace the familiar Tax Credits from April 2014.
Before then there will be some significant cuts i Read More... |
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| How to Challenge a VAT penalty |
| If you receive a VAT penalty, perhaps because you have submitted your VAT return late, the Taxman should offer an independent review of the penalty.
You should certainly take up this offer of a review, as this may be the first time that a human (rather Read More... |
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| Clamp-down on Loan Schemes |
| There are a number of tax saving schemes marketed to freelancers and contractors, but these schemes can be sensitive to changes in the tax law. One such scheme that involves loans made though particular trusts (known as EBTs) has recently been taken off t Read More... |
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| February Question and Answer Section |
| Q. My husband inherited a house in 1986 when it was worth £40,000. He gave me a half share in the property in 2009 when it was worth £450,000. We sold the property in December 2010 for £460,000, but we never lived there. How do I calculate my share of Read More... |
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| 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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Copyright © 2024 FWD Accounts. All rights reserved.
7 Forbes Business Centre
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR
FWD Accounts is a trading name of FWD Accounts Limited
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