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Tag: Nantwich

Alextra Accountants
Marriage Allowance
Recent press reports suggested that up to two million couples may be missing out on a valuable tax break – the marriage allowance. The marriage allowance was introduced from 6 April 2015 and allows ce...
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Alextra Accountants
No Minimum Period of Occupation Needed for Main Residen...
Main residence relief (private residence relief) protects homeowners from any gains arising on their only or main home. However, there are conditions to be met for the relief to be available. One of t...
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Alextra Accountants
Protect Your Lifetime Allowance
The pensions lifetime allowance places a cap on overall tax-relieved pension savings. Pension savings in excess of the lifetime allowance are subject to a lifetime allowance charge, which effectively ...
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 like this.
Alextra Accountants
Managing Employees Who Have A Side Hustle
A recent study suggests that 25% of employees in the UK are running at least one business project alongside their day job. A side hustle is defined as a secondary business or job that brings in, or ha...
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Alextra Accountants
Tax-Free Childcare Update
HMRC have recently run a campaign to remind people that they could be missing out on up to £2,000 per child, per year, towards the cost of childcare. Working parents and guardians may be eligible to r...
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Alextra Accountants
Inheritance Tax And Potentially Exempt Transfers
Aside from the annual exemption and the exemptions for particular gifts (such as those out of income or in consideration of marriage), it is possible to make gifts free of inheritance tax – as long as...
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Alextra Accountants
Tax-Free Christmas Parties
Tax-free Christmas parties Although the tax legislation contains an exemption to prevent employees from suffering a benefit-in-kind tax charge on the staff Christmas party, the exemption is limited in...
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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
Don’t Forget To Deduct Expenses – Common Expenses That ...
The Chancellor appears to have it in for landlords at the moment. There is the stamp duty land tax supplement of 3% on purchases of second and subsequent residential properties where completion is on ...
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Alextra Accountants
How Much Should You Pay Yourself?
You started your own business to do something you love and make money. But how much should you pay yourself? Too little and you may struggle to survive. Too much and your business might be at risk. So...
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