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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?...
105 views0 comments
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...
14 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...
49 views0 comments
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
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...
23 views0 comments
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...
15 views0 comments
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
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...
8 views0 comments
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...
31 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
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
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...
23 views0 comments
Jane Wu LLB ACA
2 min read
High Income Child Benefit Tax Charge
You may have to pay additional tax if you receive child benefit and have income over £50,000 You are entitled to child benefit if you...
67 views0 comments
Jane Wu LLB ACA
2 min read
Does the taxman need to know about your side-hustle?
Hint: almost definitely yes! When does that hobby turn into a business? That side-line become taxable? 'Trade' Trading profits are...
103 views0 comments
Jane Wu LLB ACA
2 min read
Self Assessment 101
What is it? Who has to do it? How do I go about it? Her Majesty's Revenue and Customs (HMRC) collects income tax from individuals via...
104 views0 comments
Jane Wu LLB ACA
2 min read
Small business - MTD is coming
Most small business will need to keep digital records in order to comply with MTD by April 2023
94 views0 comments
Jane Wu LLB ACA
4 min read
Ways you might have paid too much tax
Overpaying tax happens more than you might think. Here are some of the ways it might have happened to you. Leaving a job part way...
129 views0 comments
Jane Wu LLB ACA
4 min read
Starting a Business?
Thinking about working for yourself? Looking to turn a hobby or passion into an income? Is the time right to turn that great idea into a...
207 views0 comments
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