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Tag: Accountants

Alextra Accountants
Making Tax Digital – Voluntary Pay As You Go
As well as the requirement to make a digital return and keep digital tax records, the Making Tax Digital (MTD) reforms introduce other changes to the way in which taxpayers interact with HMRC. One suc...
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Alextra Accountants
Claiming Back Tax On A Small Pension Lump Sum
Where a pension lump sum is taken, it is possible that too much tax may have been paid. Where this is the case, a refund can be claimed. However, the mechanism for claiming the refund will depend on t...
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Alextra Accountants
Making Tax Digital – Extending the cash basis
The cash basis is an easier way for smaller businesses to work out their taxable profit. Under the cash basis it is only necessary to take account of money in and money out. By contrast, under the tra...
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Alextra Accountants
ISA Round Up
Individual Savings Accounts (ISAs) offer an opportunity to build up tax-free savings income, subject to certain limits. For those looking to put money away in an ISA in 2017/18, there are new limits a...
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Alextra Accountants
Reduced Pensions Annual Allowance For High Earners
The pensions annual allowance places a cap on tax relieved contributions, which can be made to a registered pension scheme for the pension input period. From 2016/17, the pension input period is align...
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