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 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 ACA4 minYear 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?...
Jane Wu LLB ACA2 minTake dividends while you canFor personal and family companies, a tax efficient strategy for extracting profits is to take a small salary and to extract any further...
Jane Wu LLB ACA1 minVAT InvoicesWhat 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...
Jane Wu LLB ACA1 minVAT and Charging Electric VehiclesConfused on when VAT can be reclaimed for charging an electric car for business purposes? You're not alone. HMRC have recently tried to...
Jane Wu LLB ACA3 minNo 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...
Jane Wu LLB ACA3 minNational Insurance & Company DirectorsDid you know that special rules apply to company directors when it comes to calculating their Class 1 National Insurance liabilities? You...
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 ACA2 minReduced VAT for Hospitality & Leisure5% extended to 30 September, 12.5% from October until 31 March 2022. Does your business benefit? To help the hospitality and leisure...
Jane Wu LLB ACA2 minRestart Grants and Recovery LoansEligibility and how to apply As lockdown restrictions are eased, businesses may need help to re-open and to recover from the impact of...
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 ACA2 minSuper-deduction - plan your investments to take advantageTo encourage companies to invest, enhanced capital allowances are available for expenditure incurred within a limited two-year window. If...
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 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 ACA3 minNational 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...
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...