Modern accounting
Foxley Kingham News
Welcome to the Summer 2021 Edition of ProActivity
Welcome to our Summer 2021 edition of ProActivity. It’s another dynamic time of the year for many businesses, as the Furlough Scheme, Bounce Back and Coronavirus Business Interruption Loans (CBILS) start to be withdrawn. As various Government support for businesses,...
Do you know what Annual Tax on Enveloped Dwellings is and when you should be reporting it?
Annual Tax on Enveloped Dwellings (ATED) tax unlike other corporation taxes is reported ahead of time rather than retrospectively, in other words, the returns for this year covering the period through until 2022 should have been submitted at the end of April this...
Cashflow management and the importance of financial information as Government support is withdrawn
The various Government support businesses have relied upon during the pandemic, in the form of Coronavirus Job Retention, Furlough Scheme, Bounce Back and Coronavirus Business Interruption Loans (CBILS) is now being withdrawn, with loans starting to be repaid and the...
FK Medical focus: Final Pay Control regulations
ProActivity spoke to Foxley Kingham Medical director and medical accountancy specialist, Zeeshan Hussain, about the risks faced by GP practices and managers which may arise from falling foul of the government's Final Pay Control regulations. GP practices are at risk...
Making Tax Digital, where have we got to and what’s coming next?
The story so far The Government’s Making Tax Digital (MTD) initiative means an increasing number of businesses will need to keep digital accounting records and submit their returns to HMRC online. The aim is that once the changes are in place that it will be easier...
Fifth Grant Guidance – Self Employment Income Support Scheme open to claims from late July
If you are eligible for a fifth grant you will soon hear from HMRC inviting you to claim. The process is the same as with previous SEISS grants the only additional section is where HMRC asks you to input your turnover figures. Information to have ready Your bank...
Fifth Grant – Self Employment Income Support Scheme open to claims from late July
A fifth grant covering May 2021 to September 2021 will be open to claims from late July 2021. The grant is taxable and will be paid out in a single instalment. If your turnover has been reduced in the year April 2020 to April 2021 by 30% or more, the grant would be...
Foxley Kingham Anniversary Foundation launch charity challenges
Foxley Kingham Anniversary Foundation (FKAF) will launch two charity challenges to help raise much-needed funds for the 2021/22 charity partner The Level Trust. We are looking for local people to take on the challenge of walking 26 miles around Luton, either as...
Fourth Self-Employment Income Support Scheme to open from the end of April
The online service to claim the fourth grant covering 1 February 2021 to 30 April 2021, will be available from late April 2021. If you’re eligible based on your tax returns, HMRC will contact you in mid-April to give you a date that you can make your claim from. It...
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