Jane Wu LLB ACA3 minTax optimal salary for 2022/23UNDER REVIEW FOLLOWING THE CHANCELLORS SPRING STATEMENT When you are trading through your own limited company, you can optimise how you...
Jane Wu LLB ACA3 minShould 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...
Jane Wu LLB ACA2 minHow 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...
Jane Wu LLB ACA2 minPayroll: RTI Penalties and period of graceRTI penalties and period of grace Under real time information (RTI), employers are required to report pay and deductions information to...
Jane Wu LLB ACA3 minTax-efficient childcareChildcare is expensive; however, the tax system can provide a helping hand. In recent years, there has been a shift from tax relief for...
Jane Wu LLB ACA3 minTax relief on loans to your companyAre you a director or shareholder who has loaned money to their company to help keep it afloat? Where a director borrows money in order...
Jane Wu LLB ACA2 minLoss relief for new businessesIf you became self employed in 2020 or 2021, it’s likely that you weren’t eligible for any government grant, probably realised a loss...
Jane Wu LLB ACA3 minExpenses and benefits for 2020/21If 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...
Jane Wu LLB ACA3 minTax allowances frozen until April 2026Tax allowances for income, capital gains tax, inheritance tax and more have been frozen until April 2026 to help meet some of the cost of...
Jane Wu LLB ACA3 minLosses? The enhanced carry back could net you a tax refundTake advantage of the enhanced carry back of losses Many businesses have suffered losses as a result of the Covid-19 pandemic, and where...
Jane Wu LLB ACA3 minSEISS: Grants 4 & 5Further grants for the self-employed. If you missed out on the first grants, you may now be eligible to claim. The Self-Employment...
Jane Wu LLB ACA3 minTax-optimal salary for 2021/22A popular profit extraction strategy for shareholders in personal and family companies is to pay a small salary and to extract further...
Jane Wu LLB ACA2 minLandlords - deductible expenses you should knowAs a landlord, the lower the taxable profit from your property rental business, the less tax you will pay. As allowable expenses are...
Jane Wu LLB ACA2 minGift AidBeware if your income falls - HMRC could seek to recover the tax from you Where a Gift Aid declaration is made, the recipient charity can...
Jane Wu LLB ACA2 minClaim your working from home costsMany 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...
Jane Wu LLB ACA3 minIR35 and off-payroll working – What to do from 6 April 2021If you provide services through an intermediary (company or partnership) here's what you need to know. Prior to 6 April 2021, workers who...
Jane Wu LLB ACA1 minCan 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...
Jane Wu LLB ACA3 minMade 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...
Jane Wu LLB ACA2 minChristmas 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...
Jane Wu LLB ACA2 minEmployed? 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...