Within a family scenario, there are many situations in which one family member may make a gift to other family members. However, the way in which gifts are funded and made can make a significant difference to the way in...
Author Archive
When Should A Business Register For VAT?
All traders – whether sole traders, partnerships, or limited companies – are obliged to register to charge and pay VAT once annual sales reach a pre-set annual threshold. This threshold remains at £85,000 for the year commencing 1 April 2019. The...
Workplace Pension Contributions Rise Takes Effect
An increase in the minimum contributions employers and their staff must pay into their automatic enrolment workplace pension scheme took effect from 6 April 2019. From that date, the employer minimum contribution has risen from 2% to 3%, while the staff...
The Nantwich Show – 31st July 2019
Alextra Wealth Management will be attending the Nantwich Show this year. Please do come and say hello. There will be drinks and food to enjoy whilst you chat with our Wealth Management representative. Please come and ask about: - Retirement Planning - Wealth...
Supporting Nantwich Town Football Club
Alextra Accountants are once again happy to support Nantwich Town Football Club’s Sports Dinner. This is an important fundraiser for a non league club allowing them to raise funds for the community football programme. This was a great opportunity for local businesses...
How To Make The Most Of The Cash In Your Business
With bank account and savings interest rates being stagnant at their historically low levels for the last 10 years its easy to understand why so many people are now turning to investments to try and at least keep up with...
Airbnb-Type Lets – Is Rent-A-Room Relief Available?
Many homeowners have taken advantage of sites such as Airbnb to let out a spare room on a temporary basis or their whole property while they are away. In most cases, as long as the associated conditions are met, hosts...
Tax Planning To Minimise The High Income Child Benefit Charge
The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However, that same figure is the point at which child benefit starts being clawed back and there has been no increase in that threshold...
Taxation Of Dividend Payments In 2019/20
Traditional advice would then be to extract any additional profits from the company in the form of dividends. Where dividends fall within the basic rate band (now £37,500) the rate continues to be 7.5% after the £2,000 dividend allowance has...
Reporting Expenses And Benefits For 2018/19
Where employees were provided with taxable benefits and expenses in 2018/19, these must be notified to HMRC. The reporting requirements depend on whether the benefits were payrolled or not. Benefits not payrolled Taxable benefits that were not payrolled in 2018/19 must be reported...