Welcome to the autumn edition of the MFW Business Matters newsletter
The MFW Business Matters newsletter is issued once a quarter and provides an update on tax and accounting issues to be aware of. Ensure you have the latest information at your fingertips by downloading a copy today. Latest issue is the autumn issue.
Issue this issue:
These services are also highlighted in our client profile on the successful family business C-Mech Services Limited who have benefitted from our advice during their 30-year trading history.
Tax Matters this issue
Daniela Jarosova looks at the year of tax savings on capital allowances. This includes highlights on Structures and Buildings Allowance (SBA), Annual Investment Allowance (AIA) and Enhanced Capital Allowances (ECA). Read her article on page 5 for more details.
Meanwhile, Lee Phillips of our Maidstone office makes a strong case for switching to electric vehicles to maximise on tax opportunities for company car drivers.
New deadline for changes to VAT reporting for CIS
In our summer newsletter we raised the changes affecting VAT reporting within the construction industry. Please note that the deadline for these changes has changed and is now 1 October 2020. If you need to know more please read pages 1 and 2 of our summer newsletter. Or visit our blog here:
Finally, we offer some advice on no-deal Brexit planning in the event we leave the EU without a deal.
We hope you enjoy reading this issue.
You can also download the pdf of our newsletter below:
Making Tax Digital
Are you up-to-date with Making Tax Digital? If not, then don’t worry as we can help you get prepared for changes to tax reporting. For more details about how we can help visit our Making Tax Digital page (MTD) or contact us for help.