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Jane Wu LLB ACA
Employed? What the National Insurance increases will mean for you
To help meet the costs of health and adult social care, a new levy, the Health and Social Care Levy, is introduced from 6 April 2023....
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Jane Wu LLB ACA
- 2 min
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
- 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...
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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...
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Jane Wu LLB ACA
- 2 min
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
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
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
- 2 min
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
- 3 min
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...
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Jane Wu LLB ACA
- 2 min
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
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
- 1 min
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
Selling a second home or investment property?
You only have 30 days to report and pay any tax Thinking of selling a second home or investment property? You have to move fast to report...
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Jane Wu LLB ACA
- 3 min
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
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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Jane Wu LLB ACA
- 2 min
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...
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Jane Wu LLB ACA
- 2 min
National Insurance
Check if you have any gaps in your National Insurance record
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Jane Wu LLB ACA
- 2 min
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...
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Jane Wu LLB ACA
- 2 min
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...
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Jane Wu LLB ACA
- 4 min
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...
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