by ClearwaysAccountants | Mar 13, 2012 | Personal tax, Tax Tips
Year-end tax planning is important especially if you run your own business or you are a top rate tax payer. Here are our simple year-end tax planning tips for personal tax. Year-end tax planning tip 1 : Personal tax allowance The personal allowance for the 2011-12 tax...
by ClearwaysAccountants | Feb 1, 2012 | Business tax, Pay, Expenses & Benefits, Tax Tips
A selection of tables on: expenses that are most commonly deducted in calculating company or self-employment profits for tax; and deductible property expenses. Expense Company self-employed wages and salaries of staff you employ Y Y wages of yourself (you are...
by ClearwaysAccountants | Feb 1, 2012 | Business tax, Self Employment, Setting up a Business, Small business advice, Tax Tips
There are basically four ways to trade: as a sole trader; as a limited company; as a partnership (if you are setting up a business with at least one other person); or a limited liability partnership. The key characteristics are outlined below and on our calculators...
by ClearwaysAccountants | Feb 1, 2012 | Business tax, Small business advice
Tax Sole traders/partnerships Companies Income tax Yes No Corporation tax No Yes National Insurance Class 1 (employees) No No Class 1 (employers) Yes Yes Class 2 Yes No Class 3 Yes No Class 4 Yes No VAT Yes Yes Rates Yes Yes Council...
by ClearwaysAccountants | Feb 1, 2012 | Business tax, Self Employment, Setting up a Business, Small business advice, Tax Tips
Here is an article I wrote for Equine Touchin’ UK magazine on getting started in business. Equine Touch UK is UK based equine bodywork group. In the last edition of Equine Touchin’ UK there were five top tips for marketing your ET skills. So you have started to...
