FWD Tax Tips and News

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01/03/2014
Real Time Information (RTI) Penalties
HMRC has experienced significant problems in reconciling amounts of PAYE due from employers, to the amounts reported under real time information (RTI). As a result some of the automatic RTI penalties which were to apply from 6 April 2014, will now apply f Read More...
 
Business Journeys
A number of self-employed businesses have been waiting for a tax case to be decided which turned on the question of "what is a business journey?" The test case concerned a doctor who was both employed by the NHS and self-employed as a private consultant. Read More...
 
Let Property Campaign
The taxman has launched another "confess your tax sins" campaign aimed at individuals who have failed to declare rental income they have received from residential properties. This let property campaign (LPC) can't be used by companies that let property or Read More...
 
VAT on Books and Leaflets
There is no VAT on printed books, booklets, newspapers, and leaflets. Well there is, - its zero-rate VAT, so the customer pays no VAT, but the supplier can reclaim the VAT it pays on purchases. Read More...
 
March Question and Answer Section
Q. I've received a refund of the PPI premiums I paid on top of my mortgage. Do I need to declare this sum on my tax return? Read More...
 
March Key Tax Dates
19/22 - PAYE/NIC and CIS deductions due for month to 5/3/2014 Read More...
 
2014 Budget News
This was a Budget for bingo-playing baby-boomers who have not started to draw their private pensions. George Osborne announced some sweeping reforms to the taxation of pensions and halved bingo duty. 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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