FWD Tax Tips and News

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01/07/2015
Tax Reconciliation
HMRC has started the tax reconciliation process for the majority of taxpayers who are taxed under PAYE. This may include you or your relatives, as this reconciliation also covers those in receipt of the State Retirement Pension and private pensions. Read More...
 
RTI penalties
Employers are supposed to be warned in advance that a penalty for a late PAYE report is due. The HMRC computer should send an electronic notice through the PAYE online system, but in some cases those electronic notices have not arrived. Read More...
 
Reasonable Excuse
If you have received a penalty for late filing of your personal tax return it is possible to get it cancelled if all of the following conditions are met Read More...
 
VAT on Pre-trading Expenses
When you register your business for VAT you can reclaim the VAT charge on goods you acquired within the previous four years, and on services provided to your business within the last six months. Read More...
 
July Questions and Answers
Q. I personally own a number of buy-to-let residential properties. My son will attend a new school from September and it would be convenient for the family to live in one of those let properties. Can the cost of repairs made to that property while we are Read More...
 
July Key Tax Dates
5 - Deadline for PAYE settlement agreement for 2014/15 Read More...
 
Summer Budget 8th July 2015
Summary - Chancellor George Osborne has delivered the first Budget by a wholly Conservative government in almost 20 years. 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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