| Use Gift Aid to save tax |
| HMRC have recently highlighted that charities are collectively missing out on some £600m extra funding because a third of donations made do not add Gift Aid when they could have done so.
Broadly, Gift Aid allows charities and community amateur Read More... |
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| Diesel car supplement increase takes effect |
| The rules for taxing petrol company cars apply equally to diesel cars, but the latter are then subject to further adjustment.
The taxable benefit arising on a car is, broadly, calculated using the car's full manufacturer's published UK list price, Read More... |
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| When are tips taxable? |
| The Summer season usually sees a rise in the number of casual staff taken on by restaurants and cafes. Whilst the tax and NIC implications of wages is generally straight-forward, confusion often arises regarding tips and gratuities as the necessary tax Read More... |
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| May questions and answers |
| Q. I own a rental property, which has a mortgage on it. The mortgage is currently on an interest-only basis. Given the new interest relief restrictions on landlords' finance costs, should I consider switching to a repayment mortgage? Read More... |
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| May key tax dates |
| 2 - Last day for car change notifications in the quarter to 5 April - Use P46 Car
19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/5/2018 Read More... |
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| 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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Copyright © 2024 FWD Accounts. All rights reserved.
7 Forbes Business Centre
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR
FWD Accounts is a trading name of FWD Accounts Limited
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