Monthly Archives: May 2022

IHT business asset relief

18th May 2022 Posted by - Alexander Accountancy

There are a number of reliefs available that can reduce liability to IHT if you inherit the estate of someone who had died. One of these reliefs is known as […]

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Mortgage interest on rented property - Alexander Accountancy Burton on Trent

Mortgage interest on rented property

16th May 2022 Posted by - Alexander Accountancy

Under new rules that came into effect from April 2017 the tax relief on mortgage costs for residential landlords was restricted to the basic rate of tax. The finance costs restriction […]

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Writing off a directors loan - Alexander Accountancy Burton on Trent

Writing off a director’s loan

13th May 2022 Posted by - Alexander Accountancy

An overdrawn director’s loan account is created when a director (or other close family member) ‘borrows’ money from their company. Many companies, particularly ‘close’ private companies, pay for personal expenses […]

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Builders – when you may not have to charge VAT

12th May 2022 Posted by - Alexander Accountancy

VAT for most work on houses and flats by builders and similar trades, like plumbers, plasterers and carpenters, is charged at the standard rate of 20%. However, there are a […]

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Tax benefits of switching to electric cars

11th May 2022 Posted by - Alexander Accountancy

There are many benefits to encourage the use of electric cars including lower running costs, the environmental advantages and reduced noise pollution. There are also tax benefits to encourage the purchase […]

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Tax Diary May June 2022 - Alexander Accountancy

Tax Diary May/June 2022

2nd May 2022 Posted by - Alexander Accountancy

1 May 2022 – Due date for corporation tax due for the year ended 30 July 2021. 19 May 2022 – PAYE and NIC deductions due for month ended 5 […]

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Dividend tax increase from 6 April 2022 Alexander Accountancy Burton on Trent

Dividend tax increase from 6 April 2022

6th May 2022 Posted by - Alexander Accountancy

A reminder that the 1.25% increase in NIC contributions that came into effect on 6 April 2022 are reflected in a similar increase in the tax charge on dividends.  This means […]

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Networking For Charities at Branston Golf & Country Club

Networking For Charities – Burton

25th May 2022 Posted by - Alexander Accountancy

      . Networking For Charities At The Riverside Hotel Branston.   Lunch meeting  12.00 pm till 2.00 pm on Wednesday, June 15th 2022     About this event Midland Air […]

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