by ClearwaysAccountants | Feb 24, 2014 | Contractor, VAT
Contractors have little to worry about with VAT. Their accountant has (or should have) registered them under the flat rate scheme and will prepare the quarterly VAT returns based on the company’s sales invoices. What is self-billing? Normally in a commercial...
by ClearwaysAccountants | Feb 18, 2014 | Client case studies, Small business advice
The Secret Dress House Bridal is a new wedding dress shop in Reigate, selling and fitting beautiful wedding gowns to brides-to-be with all their accessories. Clearways Accountants were asked to complete all the tax and accounting for this new business. VAT Obtaining a...
by ClearwaysAccountants | Feb 10, 2014 | Contractor, Freelancer, Pension planning, Self Employment, Small business advice
What is auto-enrolment? Auto-enrolment is a new obligation imposed on employers by the Goverment to help employees save for their retirement. Which employees qualify for auto-enrolment? Employees must: Earn above the earnings threshold £9,440 (2013-14 personal...
by ClearwaysAccountants | Feb 3, 2014 | Capital taxes, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
Who wants to pay tax? Well no one if it can be legally avoided! So what steps can you take before 5 April 2014 to reduce your capital gains tax bill? Use the annual exemption This may sound obvious but if you can select a few investments to sell that just use up your...
by ClearwaysAccountants | Jan 23, 2014 | Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
From 6 April 2014 employers can offset up to £2,000 per income tax year (6 April 2014 to 5 April 2015) of employer’s national insurance. I’m a single person contractor company, will I qualify? In short, yes. Almost all employers will qualify, the...
