Category Archives: Tax

What is tax avoidance-business advice Burton

What is tax avoidance?

There is a distinction to be drawn between tax avoidance and tax evasion. Tax evasion is illegal and describes a situation where someone acts to deliberately evade tax. This could include […]

Read More
Arranging to pay tax bill by instalments-Alexander Accountancy

Arranging to pay tax bill by instalments

Businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs by applying to HMRC’s Time To Pay service. These […]

Read More
Planning for Basis Period reform - Alexander Accountancy Burton on Trent

Planning for Basis Period reform

The basis period reforms will change the way trading income is allocated to tax years. The reforms will change the basis period from a ‘current year basis’ to a ‘tax […]

Read More
Alexander Accountancy - Extended loss relief carry-back

Extended loss relief carry-back

A reminder that the temporary extension to the eligible carry back period for trading losses applies for company accounting periods ending between 1 April 2020 and 31 March 2022 and […]

Read More
How Construction industry scheme off-set works in practice - accountants Burton on Trent

How CIS off-set works in practice

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. Businesses in the construction industry are known as […]

Read More
Tax Diary December 2021 - Alexander Accountancy Burton on Trent

Tax Diary December 2021/January 2022

Useful dates for your tax diary as we move into 2022. These include: 1 December 2021 – Due date for Corporation Tax payable for the year ended 28 February 2021. […]

Read More
How to deal with tax appeals

How to deal with tax appeals

There are a number of options open to taxpayers who disagree with a tax decision issued by HMRC. It is important to note that not all decisions by

Read More
Covering pension contributions with unused allowances

Covering pension contributions with unused allowances

The annual allowance for tax relief on pensions is currently set at £40,000. The annual allowance is further reduced for high earners. This means that

Read More