Archives

Employment Status Tool

3rd June 2021 Posted by - Alexander Accountancy

HMRC’s employment status service can be used to help ascertain if a worker should be classified as employed or self-employed for tax purposes in both

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Tax Diary June/July 2021

1st June 2021 Posted by - Alexander Accountancy

1 June 2021 - Due date for Corporation Tax due for the year ended 31 August 2020. 19 June 2021 - PAYE and NIC deductions due for month ended 5 June

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One month left to join VAT Deferral Payment Scheme

2nd June 2021 Posted by - Alexander Accountancy

Businesses that deferred VAT payments last year have until 21 June 2021 to join the new online payment scheme. This would allow them to spread the

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No time for head in the sand tactics

4th June 2021 Posted by - Alexander Accountancy

Companies that are still claiming the Coronavirus Job Retention Scheme grants, now known as the furlough scheme, will have hard choices to make come

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Claiming Business Asset Disposal Relief

24th May 2021 Posted by - Alexander Accountancy

BADR used to be known as Entrepreneurs’ Relief before 6 April 2020. The name change does not affect the operation of the relief. BADR applies to the

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Record keeping for limited companies

25th May 2021 Posted by - Alexander Accountancy

Limited companies are required to hold a wide range of company and accounting records. This includes details of directors, shareholders, company

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When not to charge VAT

27th May 2021 Posted by - Alexander Accountancy

When a VAT registered business issues an invoice to their customer, they must ensure that they charge the correct rate of VAT. Whilst most businesses

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Rules concerning the liability to Inheritance Tax

18th May 2021 Posted by - Alexander Accountancy

There are special rules concerning the liability to IHT on a transfer made during a person's lifetime. Most gifts made during this period are not

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