Accountancy News & Resources

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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Taking money out of a limited company

17th May 2021 Posted by - Alexander Accountancy

There are a number of ways a director can extract money from their limited company. The money can usually be withdrawn in one or more of the

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Impact of residence and domicile

13th May 2021 Posted by - Alexander Accountancy

HMRC’s online guidance note for residence, domicile and the remittance basis: RDR1 is intended for UK residents and non-residents and covers the residence, domicile and remittance basis rules from 6 April 2013 […]

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CIS – types of work and businesses affected

6th May 2021 Posted by - Alexander Accountancy

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. The

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COVID support grants that are taxable

12th May 2021 Posted by - Alexander Accountancy

We would like to remind readers that existing legislation is in place to ensure that COVID support grants are treated as taxable income in the same

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Mobile phone exempt costs

11th May 2021 Posted by - Alexander Accountancy

When an employee incurs costs for the provision of mobile phones to employees it is important to understand the correct tax treatment of these

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Restarting a dormant or non-trading company - business advice Burton on Trent

Restarting a dormant or non-trading company

7th May 2021 Posted by - Alexander Accountancy

HMRC must be informed when a non-trading or dormant company starts trading again and becomes active for Corporation Tax. Companies can use HMRC Online Services to supply the relevant information. […]

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Selling a business transferring a business?

VAT – transfer as a going concern

6th May 2021 Posted by - Alexander Accountancy

The transfer of a business as a going concern (TOGC) rules concern the VAT liability of the sale of a business. Normally the sale of the assets of a VAT […]

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