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Mortgage interest on rented property - Alexander Accountancy Burton on Trent

Mortgage interest on rented property

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

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- Alexander Accountancy Burton on Trent

Builders – when you may not have to charge VAT

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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Save money, Tax benefits of switching to electric cars - Alexander Accountancy Burton

Tax benefits of switching to electric cars

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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Networking For Charities at Branston Golf & Country Club

Networking For Charities – Support Our Air Ambulance

        Networking For Charities at the Riverside Hotel Branston   Breakfast meeting  8.00 am till 10.00 am   on Wednesday, May 11th 2022   About this event Midland Air […]

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Tax Diary May June 2022 - Alexander Accountancy

Tax Diary May/June 2022

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

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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Asset disposals not subject to Capital Gains Tax- business advice Burton on Trent

Asset disposals not subject to Capital Gains Tax

Capital Gains Tax (CGT) is a tax on the profit made from selling certain assets such as property, shares or other investments. CGT is usually charged at a flat rate […]

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