FWD Tax Tips and News

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01/01/2011
Associated Company Changes
Companies controlled by the same people plus their relatives are counted as 'associated' for corporation tax purposes. The upper profits limit for the small profits rate of corporation tax is divided by the number of associated companies. A company with n Read More...
 
Furnished Holiday Lettings Changes
Furnished holiday lettings have some specific tax advantages. On 9 December 2010 the Government released draft tax legislation that is expected to become law from April 2011. This draft law includes three major changes to the taxation of furnished holiday Read More...
 
Take Care with VAT
The VATman expects all businesses to take reasonable care when completing their quarterly VAT returns. If you make a mistake, which results in the VAT being underpaid, the VATman is likely to charge you a penalty. Penalties can also be applied where a mis Read More...
 
Tax Numbers for 2011/12
Most of the tax rates and thresholds for 2011/12 were announced on 2 December 2010 as follows: Personal Allowances Under 65: £7,475 65-74: £9,940 75 and over: £10,090 Minimum marriage allowance*: £2,800 Maximum marriage allowance: £7,295 Bli Read More...
 
January Question and Answer Section
Q. My employees earn an average of £490 per week, how much more NI will I have to pay for each employee from April 2011? A. For an employee on average earnings of £490 per week you currently pay employer's NIC of £48.64 per week in 2010/11, but from 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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