Expenditure disallowed
25th March 2021 Posted by - Alexander Accountancy
When deciding whether an expense is allowed or disallowed for tax purposes it is important to bear in mind that the expenditure must be incurred
Archives
Tax-free mileage expenses
24th March 2021 Posted by - Alexander Accountancy
If you use your own vehicle for business journeys, then you may be able to claim a tax-free allowance from your employer known as a Mileage Allowance
What is rent a room relief
23rd March 2021 Posted by - Alexander Accountancy
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
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
© Copyright 2024 Alexander Accountancy - Privacy Policy - Website Design & Development by Nospario Creative
