Archives

What is pensions credit?

16th March 2021 Posted by - Alexander Accountancy

Pension Credit is an income-related benefit made up of 2 parts - Guarantee Credit and Savings Credit. Guarantee Credit tops up your weekly income if

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Tax Diary March/April 2021

1st March 2021 Posted by - Alexander Accountancy

1 March 2021 - Due date for Corporation Tax due for the year ended 31 May 2020. 2 March 2021 - Self-assessment tax for 2019/20 paid after this date

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Capital Gains Tax exemptions

4th March 2021 Posted by - Alexander Accountancy

As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax (CGT) which is forfeited if not used. The annual

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Inheritance Tax – tax-free gifts

3rd March 2021 Posted by - Alexander Accountancy

We wanted to remind our readers of the Inheritance Tax (IHT) implications of making cash gifts during the current tax 2020-21 tax year that ends on 5

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Claiming Self-Employed Income Support Scheme grants

1st March 2021 Posted by - Alexander Accountancy

Under the third Self-Employed Income Support Scheme (SEISS) grant, claimants received up to 80% of average trading profits for November and December

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What is overtrading?

2nd March 2021 Posted by - Alexander Accountancy

A reminder that traders who buy and sell goods - wholesalers or retailers - need to be wary of the financial consequences if, as expected, pent up

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Government to publish range of tax consultations

5th March 2021 Posted by - Alexander Accountancy

In a recent HM Treasury press release it has been confirmed that the government will publish a number of tax-related consultations and calls for

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Financial outcomes for your business

17th February 2021 Posted by - Alexander Accountancy

There are three possible financial outcomes for your business, each with their own challenges: Make a profit Breakeven, or Make a loss Making a

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