Category Archives: Tax Allowance

- Tax Free Christmas Gifts To Staff - Alexander Accountancy Burton upon Trent - Trivial benefit exemption

Tax Free Christmas Gifts To Staff

This is a timely reminder that employers may make small tax-free gifts to employees and directors if all of the following conditions apply:   The cost to the employer is […]

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Tax free Christmas party alexander accountancy Burton on Trent

It’s Christmas – Who Wants a Tax Free Party?

Christmas is almost upon us (except at supermarkets, where it starts in September)… who wants a tax free party? Even the smallest business can host an annual, tax-free social function […]

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Tax Relief and Allowances-Alexander Accountancy Burton

The tax reliefs and allowances available to your business

   HMRC is encouraging business owners, employers and the self-employed to check online to make sure they are not missing out on a range of tax reliefs and allowances.   […]

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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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marriage and civil partnership tax allowance

Don’t miss out on this tax allowance

HMRC used Valentine’s Day to issue a reminder to married couples and those in civil partnerships to sign up for the marriage allowance – if they are eligible and haven’t […]

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Alexander Accountancy - Autumn budget news

Autumn Budget 2021 – £1 million Annual Investment Allowance

In the Spring Budget earlier this year, the government announced that the temporary Annual Investment Allowance (AIA) cap of £1 million would be extended until 31 December 2021. The Chancellor, […]

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Don’t miss out on this tax allowance

If you are entitled to the marriage allowance and have not yet applied, then you could receive a payment of up to £1,220 from HMRC. The marriage

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Benefits in kind, are they an expense you can claim back from HMRC

Make the most of tax-free trivial benefits

The trivial benefits in kind (BiK) exemption applies to small non-cash benefits, for example a bottle of wine or a bouquet of flowers, given occasionally to employees. Although the benefit is […]

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