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Tag: Cheshire

Alextra Accountants
Stamp Duty Land Tax And First-Time Buyers
Stamp duty land tax (SDLT) is payable where you buy a property in England or Northern Ireland and the amount paid is more than a certain amount. SDLT does not apply in Scotland, where Land and Buildin...
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Alextra Accountants
New Workplace Pension Limits From 6 April 2019 - Are Yo...
The amounts that employers and workers will be required to pay into workplace pensions has increased from 6 April unless the worker opts out. The new limits will be 5% from the worker and 3% from the ...
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Alextra Accountants
1st April Marks The Launch of Making Tax Digital
Today, 1 April, marks the launch of HMRC’s flagship Making Tax Digital programme, designed to streamline tax administration, which requires 1.2m VAT registered businesses earning over £85,000 to keep ...
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Alextra Accountants
Make The Most Of Your Allowances
The tax system contains a number of allowances which enable individuals to enjoy income and gains tax free. In seeking to maximise your tax-free income, it makes sense to take advantage of available a...
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Alextra Accountants
Salary v Dividend For 2019/20
A popular profits extraction strategy for personal and family companies is to extract a small salary, taking further profits as dividends. Where this strategy is pursued for 2019/20, what level should...
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Alextra Accountants
Working From Home – Claim Tax Relief For Your Expenses
An increasing number of employees work from home some or all of the time. Where they do so, they may be able to claim tax relief for the costs that they incur from working at home, regardless of wheth...
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Alextra Accountants
Overdrawn Director’s Loan Accounts
In a personal or family company, the lines between the directors as individuals and the company are often blurred – the director may lend money to the company when cashflow is tight and the company ma...
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Alextra Accountants
The Importance Of Keeping Good Business Records
To ensure that you pay the correct amount of tax and file correct tax returns with HMRC, it is vital that you keep complete and accurate records. This applies regardless of whether you are running a b...
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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
Entrepreneurs’ Relief – What Do The Budget Changes Mean...
Ahead of the 2018 Budget there was some speculation that entrepreneurs’ relief may be scrapped. In the event, this did not happen. However, the relief made an appearance with the announcement of chang...
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