Tax changes for 2021

There are several tax changes for the 2021 tax year. They include:

 
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Enhance your email marketing

Emails are now the No 1 form of business communication, so one of your most effective marketing tools.

 
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Discuss worker mistakes to avoid more mistakes

Mistakes by employees are bad for both them and the employer. 

 
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Plan for uncertain future

So you’ve survived the 2020 lockdown, but business might still not be where it was, or where you would like it to be.
 
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Time to write off bad debts

We are in the last quarter of the year for those with a 31 March balance date. Bad debts have to be written off before balance date. 
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Tax shakeup for business sales

Proposals in the new tax Act will mean sellers of a business must notify buyers and Inland Revenue about the amounts they have allocated for various assets. 
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Covid-19 Help Still Available from Government

Here is the link to what is currently available:

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Clients with Trusts and all Trustees

A reminder that the long awaited “The Trusts Act 2019” comes into effect from 30 January 2021.

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