June Update 2021 Hello everyone
Welcome to our June 2021 tax tips and business newsletter - we hope you are all keeping well and enjoying the good weather that seems to have arrived this month!
If you need any help re-thinking your business growth and development journey in the light of the changing situation do give us a call. We can support you to make a plan of action, and provide advice for you in your business - we are here to help!
Steve, Martin, Kate, Anna and the team
Gift aid problems Most people give to charity in one form or another at some point- donating items, contributing to fundraisers or making regular direct debit payments. In light of the impact of Covid-19 on finances it is a good idea to review these arrangements now in order to avoid any unwanted tax consequences relating to the gift aid rules. VAT group registration VAT registered companies making supplies to one another must treat them as normal sales and purchases even in the circumstances where they are owned by the same person or people. This can lead to cash flow issues, particularly where the companies have different VAT return periods. A potential solution to this is to register the companies as a single VAT group. Digital Data Request We are now asking for clients personal tax information via our oneclick portal in the form of a Digital Data Request. If you are a client you may have had a notification email. If you have any questions about providing your information please do not hesitate to give the team here a call and we will be happy to help. |