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Tag: Tax

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
Employment Allowance – Can You Benefit?
The National Insurance employment allowance can reduce an employer’s National Insurance bill by up to £3,000 – but not all businesses can benefit. Nature of the allowance Where available, the allowanc...
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Alextra Accountants
Company Cars In 2017/18
Company cars are a popular benefit and are often something of a status symbol. But, they have also been an easy target for the taxman. Where a company car is available for private use, the employee is...
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Alextra Accountants
Cash Basis Threshold Increased
The cash basis is a simpler way for smaller businesses to work out their taxable profit. Under the cash basis, profit is calculated by reference to cash in and cash out, rather than by reference to in...
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Alextra Accountants
Late Tax Return Deadline Reminder
Taxpayers are being reminded they have until the 30 April 2017 to submit their 2015/16 self-assessment tax return or risk facing further fines. Those who missed the 31 January deadline and have yet to...
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