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01/07/2021
Latest news round up
The Finance Bill that was published on 11 March 2021 received Royal Assent on 10 June and can be viewed online here. COVID19 From 1 July the level of government support for the furlough scheme will reduce. The government contribution will fall to 70%, Read More...
 
P11Ds for 2020/21 - COVID19 considerations
The P11D filing deadline for 2020/21 is 6 July 2021. Usually, this is a routine exercise in most cases. However, due to COVID19, some additional consideration may be required this time round. HMRC have published guidance regarding certain items that need Read More...
 
Property CGT - avoid reporting traps
Since April 2020, UK-resident taxpayers have been required to report gains on residential property, and make a payment on account of the tax due, within 30 days of completion. One of the key features of the reporting regime is that this 30-day reporting i Read More...
 
VAT registration - delays
Due to COVID19, some businesses are experiencing long delays in obtaining a VAT number after submitting the registration form. HMRC acknowledged the delays earlier this year and have asked businesses to be patient whilst the backlog is worked through. How Read More...
 
July Questions and Answers
Q1. I own several restaurants which all sell English-style food. I am planning to sell two of these to separate buyers. The first intends to operate an Asian fusion restaurant, and the second (smaller) premises is going to be turned into a micropub. Both Read More...
 
July Key tax dates
1 - Due date for payment of Corporation Tax for accounting periods ending 30 September 2020 6 – Filing deadline for Form P11D 6 – Employment Related Shares return filing deadline 7 - Electronic VAT return and payment due for quarter ended 31 May 2021 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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