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Tag: Nantwich

Alextra Accountants
Dispensations RIP
Under the current rules, a dispensation is a useful tool as it saves work for both employers and employees. A dispensation removes the need for the employer to return detail of an expense or benefit o...
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Alextra Accountants
Extracting Cash From A Family Company
In determining the most tax-efficient way to extract cash from a family company, it is necessary to take into account individual circumstances. There is no one size fits all. The optimal strategy will...
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Alextra Accountants
Pay Any National Minimum Wage (NMW) Arrears Without Pen...
Employers have a legal obligation to pay employees a wage that is at least equal to the National Minimum Wage (NMW). From 1 October 2015, the NMW for employees aged 21 and over is £6.70 an hour. HMRC ...
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Alextra Accountants
Autumn Statement Summary
In his 2015 Spending Review (the first to be delivered since 2010) and Autumn Statement speech, Chancellor George Osborne said that the government is delivering on its commitment to put both economic ...
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Alextra Accountants
Deferring Capital Gains Tax
Business asset rollover relief allows you to defer the capital gains tax payable where there is a gain on the disposal of business, if the proceeds are reinvested (rolled-over) in buying replacement a...
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Alextra Accountants
Qualifying For Entrepreneur’s Relief
Entrepreneurs’ relief is a very valuable relief that can significantly reduce the capital gains tax payable when you dispose of all or part of your business. However, availability of the relief is con...
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Alextra Accountants
Business Property Relief – What Business Assets Qualify...
Business property relief is a very valuable relief that allows certain business assets to be passed on free of inheritance tax. Other business assets qualify for 50% reduction. On death, in the absenc...
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Alextra Accountants
Contracting Out Of Additional State Pension Ends 5 Apri...
From 6 April 2016 employees of contracted-out defined benefit (DB) schemes will automatically be brought back into the State Pension scheme and will no longer be able to use a contracted-out salary re...
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Alextra Accountants
Mileage Allowance Relief
Many employees use their own car for work. If their employee does not pay a mileage allowance, or pays an allowance which is below the tax-free rates allowed by HMRC, the employee may be able to claim...
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Alextra Accountants
Reclaiming Section 455 Tax
In family and personal companies, directors may lend money to the company and they may also borrow from the company. Where the company director borrows from the company, a record of the amount borrowe...
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