ICAEW_CharteredAccountants_BLK_RGB[1].pn
  • LinkedIn
  • Facebook
  • Twitter

+44 (0)7584 621625

hello@janesaccounting.co.uk

Forward Thinking Chartered Accountants

  • Home

  • Services

  • Contact

  • Blog

  • COVID-19

  • About Us

  • More

    Use tab to navigate through the menu items.
    • March 2022 (2) 2 posts
    • February 2022 (2) 2 posts
    • January 2022 (1) 1 post
    • December 2021 (1) 1 post
    • October 2021 (1) 1 post
    • September 2021 (4) 4 posts
    • July 2021 (6) 6 posts
    • June 2021 (3) 3 posts
    • May 2021 (4) 4 posts
    • April 2021 (5) 5 posts
    • March 2021 (8) 8 posts
    • February 2021 (1) 1 post
    • All Posts
    • Self Employed
    • Making Tax Digital
    • Limited company
    • Income Tax
    • Individuals
    • National Insurance
    • Pensions
    • Employment
    • Landlords
    • Capital Gains Tax
    • VAT
    Search
    Are you trading?
    Jane Wu LLB ACA
    • 1 min

    Are you trading?

    Trading income is taxed for both income tax and corporation tax purposes. In order for a tax charge to arise under the trading income rules, there must be a trade. So what constitutes trading? And, when does a trade commence or cease? Indicators of trade To determine whether a trade exists, historically the courts have looked for the presence of absence of certain key defining features. In 1955, the Royal Commission of Profits and Income Tax reviewed existing case law and id
    4 views0 comments
    Payroll: RTI Penalties and period of grace
    Jane Wu LLB ACA
    • 2 min

    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 HMRC ‘at or before’ the time that the payment is made to the employee. This is done by means of the full payment submission (FPS). Penalties are charged if the FPS is filed late or if HMRC did not receive the expected number of FPSs or an Employer Payment Summary in a tax month in which no payments were made to employees. However, a penalty i
    2 views0 comments
    Tax-efficient childcare
    Jane Wu LLB ACA
    • 3 min

    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 employer-supported childcare and vouchers to a Government top-up scheme. Government scheme The Government operate a tax-free childcare scheme whereby parents deposit money into an account which can be used to meet childcare costs and the Government provide a tax-free top up. To qualify for the scheme, the parent (and their partner if they hav
    3 views0 comments
    Special capital gains tax rule for transfers of assets between spouses
    Jane Wu LLB ACA
    • 2 min

    Special capital gains tax rule for transfers of assets between spouses

    Although married couples and civil partners are assessed individually for capital gains tax purposes and each has their own annual exempt amount, a special rule allows them to transfer assets between them at a value that gives rise to neither a loss nor a gain. This can be very useful from a tax planning perspective. The special rule applies only where the spouses or civil partners are living together or, where they separate, until the end of the tax year of separation. Opera
    7 views0 comments
    2 Silver Partner badge.jpg
    xero-payroll-certified-badge.png
    1-badge-online-large.png
    Privacy Statement | Terms & Conditions | Our Values