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Jane Wu LLB ACA
3 min read
Tax optimal salary for 2022/23
UNDER REVIEW FOLLOWING THE CHANCELLORS SPRING STATEMENT When you are trading through your own limited company, you can optimise how you...
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Jane Wu LLB ACA
3 min read
Should you pay a dividend before 6th April 2022?
If you operate your business through a personal or family company and extract profits in the form of dividends, it is prudent to review...
117 views0 comments
Jane Wu LLB ACA
2 min read
How are dividends taxed?
Are you a company director or shareholder? Do you know how your dividends are taxed? What about the impact of the new health and social...
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Jane Wu LLB ACA
2 min read
Payroll: RTI Penalties and period of grace
RTI penalties and period of grace Under real time information (RTI), employers are required to report pay and deductions information to...
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Jane Wu LLB ACA
3 min read
Tax-efficient childcare
Childcare is expensive; however, the tax system can provide a helping hand. In recent years, there has been a shift from tax relief for...
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Jane Wu LLB ACA
3 min read
Tax relief on loans to your company
Are you a director or shareholder who has loaned money to their company to help keep it afloat? Where a director borrows money in order...
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Jane Wu LLB ACA
2 min read
Loss relief for new businesses
If you became self employed in 2020 or 2021, it’s likely that you weren’t eligible for any government grant, probably realised a loss...
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Jane Wu LLB ACA
3 min read
Expenses and benefits for 2020/21
If you’ve provided taxable benefits and expenses to your employees this year you will need to let HMRC know by 6 July 2021. Employers who...
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Jane Wu LLB ACA
3 min read
Tax allowances frozen until April 2026
Tax allowances for income, capital gains tax, inheritance tax and more have been frozen until April 2026 to help meet some of the cost of...
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Jane Wu LLB ACA
3 min read
Losses? The enhanced carry back could net you a tax refund
Take advantage of the enhanced carry back of losses Many businesses have suffered losses as a result of the Covid-19 pandemic, and where...
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Jane Wu LLB ACA
3 min read
SEISS: Grants 4 & 5
Further grants for the self-employed. If you missed out on the first grants, you may now be eligible to claim. The Self-Employment...
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Jane Wu LLB ACA
3 min read
Tax-optimal salary for 2021/22
A popular profit extraction strategy for shareholders in personal and family companies is to pay a small salary and to extract further...
115 views0 comments
Jane Wu LLB ACA
2 min read
Landlords - deductible expenses you should know
As a landlord, the lower the taxable profit from your property rental business, the less tax you will pay. As allowable expenses are...
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Jane Wu LLB ACA
2 min read
Gift Aid
Beware if your income falls - HMRC could seek to recover the tax from you Where a Gift Aid declaration is made, the recipient charity can...
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Jane Wu LLB ACA
2 min read
Claim your working from home costs
Many employees will have spent much if not all of the last year working from home, and the trend looks set to stay. While the tax system...
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Jane Wu LLB ACA
3 min read
IR35 and off-payroll working – What to do from 6 April 2021
If you provide services through an intermediary (company or partnership) here's what you need to know. Prior to 6 April 2021, workers who...
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Jane Wu LLB ACA
1 min read
Can I claim for food and drink while travelling?
A super decision tree from FreeAgent The information contained within in this article is provided for informational purposes only and is...
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Jane Wu LLB ACA
3 min read
Made a mistake on your tax return?
You made it and filed your self-assessment return for 2019/20 by 31st January 2021. However, having felt pleased with yourself, you...
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Jane Wu LLB ACA
2 min read
Christmas is coming - can I make gifts to staff?
Here's a recap on 'trivial benefits' ahead of party season! As an employer you'll want to be aware of the tax treatment of gifts and...
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Jane Wu LLB ACA
2 min read
Employed? How to claim tax relief on your on the job costs.
Are you claiming everything your entitled to? You might be able to claim tax relief if: you use your own money for things that you must...
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