Alpha Business Services - Chartered Management Accountants

  • Grow your business, we have services to help you in your new business adventure Grow your business, we have services to help you in your new business adventure
  • We have guides to help you with your business We have guides to help you with your business
  • Find more about our associates and contact them directly Find more about our associates and contact them directly
  • Find out the latest news and information about the world of Business Accountancy and SME Business Support Find out the latest news and information about the world of Business Accountancy and SME Business Support

Services

Find out more about the services that Alpha Business Services can offer you and your business. From accounting and book-keeping through to payroll and business mentoring.

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Guides

We have a number of guides available to help you with your business. Check out our guides here on Alpha Business Services

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Associates

Find out more about Alpha Business Services associates from our associates section. You can also contact our associates direct through Alpha Business Services

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Our latest news

KEY POINTS FROM BUDGET 2015

The Chancellor’s Budget March 2015 was clearly aimed at winning the votes of savers and pensioners in the May General Election.However, it was not the usual pre-election giveaway as the Chancellor stressed his prudence in concentrating on debt repayment and the importance of “mending the roof while the sun shines”, something that he accused the previous Government of failing to attend to.PERSONAL ALLOWANCESAs already announced the basic personal allowance for 2015/16 will be £10,600. The Budget on 18 March announced that there will be a further above inflation increase to £10,800 for 2016/17 and £11,000 in 2017/18. Those aged 75 and over will continue to receive a personal allowance of £10,660 for 2015/16 and by 2016/17 they will receive the basic personal allowance. Note that if your adjusted net income exceeds £100,000, the personal allowance is reduced by £1 for every £2 over £100,000 giving an effective rate of 60% on income between £100,000 and £121,200 for 2015/16.  Contact us for advice on planning to avoid this 60% rate.INCOME TAX BANDSThe 20% basic rate band is £31,785 for 2015/16 and will be £31,900 for 2016/17. This means that you pay 40% tax if your taxable income exceeds £42,385 for 2015/16 and £42,700 for 2016/17. It is proposed that the higher rate tax threshold will increase to £43,300 for 2017/18.  The 45% top rate continues to apply to taxable income over £150,000 for 2015/16.FURTHER CHANGES TO ISAsThe current £15,000 ISA limit is to be increased to £15,240 from 6 April 2015. Remember that the 50% cash ISA restriction was abolished from 1 July 2014 so that any combination of cash and stocks and shares can be held within the ISA wrapper up to the overall £15,240 limit. The Junior ISA limit increases to £4,080 from 6 April 2015. In the 2015/16 tax year individuals will be able to take money out of their ISA and put it back in within the same year, without losing their ISA tax benefits as long as the repayment is made in the same financial year as the withdrawal.ZERO TAX RATE ON SAVINGS 2015/16As announced last year there will be a zero rate on the first £5,000 of savings income from 2015/16 onwards. Note however that this will only provide full benefit to those with taxable income between the basic rate band £10,600 and £15,600.£1,000 INTEREST INCOME TAX FREE 2016/17

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Alpha Business Services partners with Receipt Bank

Alpha Business Services adopts Receipt Bank!

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NEW TAX RELIEF FOR INVESTMENT IN SOCIAL ENTERPRISE

The Social Investment Tax Relief scheme (SITR) introduced this year helps individuals support social enterprises, giving these enterprises access to new sources of finance.

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NO LOSS RELIEF FOR BUSINESS RUN AS A HOBBY

A recent case before the Tax Tribunal reminds us that in order to set a trading loss sideways against other income, the business must be carried out on a commercial basis with a view to making a profit.

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Associates

 

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