The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. The current tax-free threshold of £7,500
Tax-free property and trading income
22nd March 2021 Posted by - Alexander Accountancy
Two separate £1,000 tax allowances for property and trading income were introduced in April 2017. If you have both or either type of income
COVID – beating the bug
17th March 2021 Posted by - Alexander Accountancy
Although it cannot be understated, that COVID has resulted in widespread personal tragedies and business hardships, there are stories circulating of
Off-payroll working rules from 6 April 2021
16th March 2021 Posted by - Alexander Accountancy
The rules for individuals providing services to the public sector via an intermediary such as a personal service company (PSC) changed from April 2017. The new rules shifted the responsibility […]
Temporary carry back of losses
15th March 2021 Posted by - Alexander Accountancy
A new temporary extension to the eligible carry back period for trading losses has been announced. This will allow trading losses to be carried back
VAT deferral scheme open for business
12th March 2021 Posted by - Alexander Accountancy
Businesses that took the option to defer the payment of their VAT liabilities between 20 March 2020 and 30 June 2020 need to decide what course of
Reminder of year end payroll chores
15th March 2021 Posted by - Alexander Accountancy
It is not long until the current 2020-21 tax year comes to an end and there are a number of year end payroll chores that must be completed. This
New mortgage guarantee scheme
11th March 2021 Posted by - Alexander Accountancy
One of the measures announced as part of the March 2021 Budget was the introduction of a new mortgage guarantee scheme to help home buyers purchase a