FWD Tax Tips and News

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01/01/2023
Claiming employment related expenses
There is a very limited range of expenses that employees can claim, but these can include the flat rate deduction (£6 per week) for working from home, if you are required to work from home, have no alternative place to work at, and your employer Read More...
 
Beware of electronic sales suppression
Electronic sales suppression (ESS) is the use of software or hardware tools to manipulate the sales recorded by an electronic point of sale (EPOS) device Read More...
 
VAT late filing penalties
VAT registered businesses must now use MTD-compatible software to file VAT returns, as the old online form where you typed in your VAT figures Read More...
 
Late VAT payments and interest
The new penalty regime for late payment of VAT is fairer to those who miss the VAT payment deadline Read More...
 
January Questions and Answers
We hire casual labour to work alongside our permanent staff over busy periods such as Christmas. If an individual works only one shift and earns say £90, do we need to add that person to the payroll to process Read More...
 
January Key Tax Dates
Two new VAT penalty regimes, for late payment and late filing, come into effect for VAT periods beginning on and after 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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