Accountancy News & Resources

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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Marriage Allowance tax break

23rd February 2021 Posted by - Alexander Accountancy

If you are entitled to the marriage allowance and have not yet applied, then you could receive a payment of up to £1,188 from HMRC. HMRC used the

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Added protection for pension savers

24th February 2021 Posted by - Alexander Accountancy

The new Pensions Scheme Act received Royal Assent on 11 February 2021. The Act covers a number of important pensions-related issues and has faced a

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