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Tag: Accountants

Alextra Accountants
Salary Sacrifice After April 2017
To date, salary sacrifice arrangements have been a popular way for employees to benefit from tax-free benefits without employers footing the bill. Under a salary sacrifice arrangement, the employee gi...
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Alextra Accountants
HMRC Cybercrime Crack Down Yields Impressive Results
HM Revenue & Customs (HMRC) claims that a recently-introduced crack down on cybercrime has already reduced the number of ‘phishing scams’ purporting to be from the Revenue by 300 million. The news com...
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Alextra Accountants
New Allowances For Trading And Property Income
In his 2016 Budget speech, the Chancellor announced two new allowances would be introduced from April 2017 for money earned from `the sharing economy’. One allowance will be for trading income and the...
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Alextra Accountants
NIC And company Directors
Unlike tax, National Insurance is generally worked out separately by reference to the earnings for the relevant earnings period, without any regard to other payments in the tax year. The earnings peri...
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Alextra Accountants
File Your Tax Return On Time To Avoid A Penalty
The deadline for filing the 2015/16 self-assessment online is 31 January 2017. It is important that this deadline is not missed because if you miss it, even by one day, you will have to pay a late fil...
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Alextra Accountants
Lettings Relief
Lettings relief increases the amount of the gain that is sheltered from capital gains tax when you sell a property which has at some time been your only or main residence, and in respect of which some...
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Alextra Accountants
Owe Tax To HMRC – Take Advantage Of A Campaign
Taxpayers who have not told HMRC about all their income and gains can make a disclosure online. It is always better to tell HMRC rather than waiting for HMRC to come to you. Even with the best of inte...
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Alextra Accountants
Continued Growth – Providing Cloud Accounting Solutions...
Cloud accounting software is similar to traditional, desktop based solutions, with the difference being that it is hosted on remote servers. Data is sent into the “cloud” where it is processed and sto...
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Alextra Accountants
Pension Cold Calling Ban Introduced
The government is set to introduce a ban on cold callers selling investment products to people cashing in their pension pots from the age of 55. The ban will aim to tackle the ongoing rise of scam cal...
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Alextra Accountants
Disincorporation Relief Update
Recent changes to the tax treatment of dividends may lead people to question whether it may be better to run their business as an unincorporated entity, such as a sole trader or partnership, rather th...
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Alextra Accountants
Keeping The Christmas Party Tax-Free
The Christmas party is an annual tradition for many companies, but the frivolities would be somewhat reduced if the employees are left with a tax bill as a reminder of the evening. So what can be done...
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Alextra Accountants
Tax Relief For Research And Development Costs
Investing in research and development can be a costly business with no guarantee of recovering the costs. However, some help is at hand in the form of corporation tax relief. The relief that is availa...
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Alextra Accountants
Mobile Phones – A Tax-Free Benefit
Employers often provide employees with the use of a mobile phone and, structured correctly, they can be a valuable tax-free benefit. But there are pitfalls that may trap the unwary. The exemption An e...
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Alextra Accountants
Using Loan Trusts
While giving away assets and hoping to live for seven years afterwards can take them out of the taxman’s reach for inheritance tax purposes, the downside is that you lose the right to benefit from tho...
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Alextra Accountants
£7.6 Billion Accessed Via Pension Freedoms
Savers have accessed over £7.6 billion from their pension pots since April 2015, according to figures by HMRC. Since the introduction of pension freedoms, 11.1 million payments have been made. The fig...
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