Alextra Accountants are proudly sponsoring the Weston Christmas Lights display, more commonly referred to in the local area as the festive community winter wonderland. The lights display is organised and run by Graham Witter and is in its seventh successive year,...
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VAT Registration – Sooner Or Later?
Once a business is up and running, the next major administrative area to be faced often concerns the subject of VAT. At first glance, it looks complicated - not to mention time-consuming - particularly for small businesses. However, taken one...
Private Residence Relief And The Final Period Exemption
From a capital gains tax perspective, there are significant tax savings to be had if a property has been the owner’s only or main residence. The main gains are where the property has been the only or main residence throughout...
Director’s Loan Accounts – Avoiding The Risks
HMRC produce a series of toolkits which set out common errors that they find in returns. The hope is that by being familiar with the mistakes that are routinely made, steps can be taken to avoid them. Although the toolkits...
When Is A Car A Pool Car?
Rather than allocating specific cars to particular employees, some employers find it preferable to operate a carpool and have a number of cars available for use by employees when they need to undertake a business journey. From a tax perspective,...