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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...
123 views0 comments
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...
203 views0 comments
Jane Wu LLB ACA
4 min read
Year End Checklist ✔
Good monthly processes and some up front preparation are the formula for successful accounts and tax Is your business year end coming up?...
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Jane Wu LLB ACA
2 min read
Take dividends while you can
For personal and family companies, a tax efficient strategy for extracting profits is to take a small salary and to extract any further...
16 views0 comments
Jane Wu LLB ACA
1 min read
VAT Invoices
What is a valid VAT invoice or reciept? Don't get caught out with the wrong paperwork. HMRC will only accept claims for input VAT when...
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Jane Wu LLB ACA
1 min read
VAT and Charging Electric Vehicles
Confused on when VAT can be reclaimed for charging an electric car for business purposes? You're not alone. HMRC have recently tried to...
30 views0 comments
Jane Wu LLB ACA
3 min read
No profits for a Dividend?
What should you do if your business doesn’t have enough profits to pay a #Dividend? There are several options available... If you operate...
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Jane Wu LLB ACA
3 min read
National Insurance & Company Directors
Did you know that special rules apply to company directors when it comes to calculating their Class 1 National Insurance liabilities? You...
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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
2 min read
Reduced VAT for Hospitality & Leisure
5% extended to 30 September, 12.5% from October until 31 March 2022. Does your business benefit? To help the hospitality and leisure...
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Jane Wu LLB ACA
2 min read
Restart Grants and Recovery Loans
Eligibility and how to apply As lockdown restrictions are eased, businesses may need help to re-open and to recover from the impact of...
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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...
21 views0 comments
Jane Wu LLB ACA
2 min read
Super-deduction - plan your investments to take advantage
To encourage companies to invest, enhanced capital allowances are available for expenditure incurred within a limited two-year window. If...
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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
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
3 min read
National Insurance: rates and thresholds for 21/22
2021/22 National Insurance Contributions - what you need to know. The 2020/21 tax year starts on 6 April 2021. From that date, new...
1,352 views0 comments
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...
4 views0 comments
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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