by ClearwaysAccountants | Apr 11, 2012 | Business tax, Contractor, Setting up a Business, Small business advice, Tax Tips
What is your tax status? Employee or self-employed? This matters if you are a sole trader or if you operate through your own company. Freelancers or contractors working as self-employed sole traders can deduct business expenses from income; this reduces their tax...
by ClearwaysAccountants | Mar 28, 2012 | Capital taxes, Tax Tips
Inheritance tax planning is usually something that we put off but if you die without a will the rules of intestacy will apply to your estate. Year-end tax planning tip 1 – make a will You can use the forms available from good stationers but if you have a...
by ClearwaysAccountants | Mar 26, 2012 | Capital taxes, Tax Tips
Not everyone thinks of capital tax planning but a little bit of tax planning can save you a lot of tax over the years. Capital tax planning is especially important if you are thinking of incorporating your business. Year-end tax planning tip 1 – annual exempt...
by ClearwaysAccountants | Mar 21, 2012 | Budgets and Autumn statements, Business tax, Personal tax
Was this a budget for small businesses? The budget did a lot of tinkering at the edges but with the country’s finances still in such a bad state the Chancellor had very little space to manoeuvre in. Overall the budget is probably neutral for small businesses, the tax...
by ClearwaysAccountants | Mar 19, 2012 | Business tax, Tax Tips
Some year-end tax planning could save you a considerable amount of tax. Year-end tax planning tip 1 – Sole trader and partnership year end dates The choice of the accounting date affects the delay between earning the profits and paying the tax. If your profits...
