by ClearwaysAccountants | Oct 5, 2015 | Contractor, Freelancer, Personal tax, Self Employment, Small business advice
It is 10 years since HM Revenue merged with HM Customs – so how is it going? Some figures: HMRC collected £505.8bn in 2013-14 HMRC headcount has been cut by 40%, so the move to digital has been a great success for revenue collection and reporting. Freeing up...
by ClearwaysAccountants | Sep 28, 2015 | Small business advice
A guest blog by marketing consultant Sarah Orchard – Orchard Marketing Associates Well that’s one way of looking at marketing. And, certainly for some small business owners, it’s easy to get sucked into believing that the more they market themselves the greater...
by ClearwaysAccountants | Sep 20, 2015 | Budgets and Autumn statements, Contractor, Freelancer, Self Employment, Small business advice
The new government has only been in office a matter of months and already it has delivered a blow to small businesses and entrepreneurs. During the election all parties but the Conservatives in particular praised the freelancer and consultancy community for providing...
by ClearwaysAccountants | Jul 22, 2015 | Small business advice
A guest blog by marketing consultant Sarah Orchard – Orchard Marketing Associates I love this quote by presidential speechwriter Ben Stein: “Somewhere, there is a map of how it can be done.” As a marketing consultant I meet so many clients who are desperately...
by ClearwaysAccountants | Jul 10, 2015 | Budgets and Autumn statements, Tax planning
Rent-a-room relief The summer budget of 2015 has increased the rent-a-room relief from £4,250 (which has been unchanged for 18 years) to £7,500 making renting part of your private residence much more attractive. This would equate to a £625 monthly room rate. This...
by ClearwaysAccountants | Jul 10, 2015 | Budgets and Autumn statements
The Chancellor has made a raid on small family owned businesses! The overall message of this budget is that the Government do not appreciate the part small companies’ pay in enhancing the economy and providing services at short notice for other businesses. What...
by ClearwaysAccountants | Mar 20, 2015 | Contractor, Self Employment, Small business advice
;At Clearways Accountants we often calculate the year end dividend for our contractor clients so that they can stay within a threshold. The usual thresholds of income that clients are interested in are: Basic rate – higher rate tax threshold; Clawback of...
by ClearwaysAccountants | Mar 20, 2015 | Business tax, Contractor, Freelancer, Pension planning, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
The income tax 2014-15 year end is fast approaching. Make sure you make all the claims and elections you are entitled to before it is too late. Personal tax The final date for 2010/11 claims that that have a four year time limit. These include claims for: personal...
by ClearwaysAccountants | Mar 19, 2015 | Business tax, Capital taxes, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax Calculators
Mr Osborne stated that this Budget, “backs small business owners and the self-employed”. In our view nothing of any significance has changed. The items that caught our eye for our small business clients were: Pension funds (again) The lifetime allowance...
by ClearwaysAccountants | Mar 12, 2015 | Business tax, Pay, Expenses & Benefits, Small business advice, Tax Tips
HMRC is clamping down on taxpayers it suspects are dishonestly claiming horseboxes, some worth hundreds of thousands of pounds, as company expenses. Lorries can escape the benefit-in-kind legislation as being neither a van nor a car and therefore the vehicle can be...
