FWD Tax Tips and News

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01/06/2022
Latest news round-up
The Self-Employment Income Support Scheme (SEISS) came as welcome support for many self-employed earners during the Coronavirus crisis. Initially, four grants were available with a fifth and final grant covering May to September 2021. Read More...
 
Capital Gains Tax - your main residence may not be tax-free
The sale of every property is potentially taxable under the Capital Gains Tax (CGT) rules. When an individual sells their only or main residence, generally the gain is exempt from CGT due to the Principal Private Residence (PPR) relief. Read More...
 
Are you struggling to pay your tax bill?
The last couple of years have been financially difficult for many and the coming year will bring increased costs - not least utility bills. The July 2022 payment on account tax bill needs to be paid in a few weeks' time and some taxpayers may find it a s Read More...
 
Tax relief for losses - Coronavirus concession
Those businesses that have struggled through the pandemic may find that when they come to do their accounts where usually there is a profit, the business made a loss. Whether and how that loss can be utilised depends on whether the accounts are prepared u Read More...
 
June Questions and Answers
I am a basic rate taxpayer and a registered subcontractor having tax deducted at 20% from any income. I understand that I can register for CIS gross status to receive my pay with no deductions. How do I go about this and are there any disadvantages? Read More...
 
June Key tax dates
1 - Payment of Corporation Tax for accounting periods ending 31 August 2021 1 - Deadline to confirm employees payrolled benefit information. 1 - New Advisory Fuel Rates (AFR) for company car users apply from today. 7 - Electronic VAT return submissio 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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