by ClearwaysAccountants | Mar 6, 2015 | Small business advice
The top 10 tips from the Institute of Chartered Accountants are: 1. Prepare a business plan: this helps investors understand your business, aims and goals and therefore investors can assess your proposals and their risks in backing you. 2. Do your research: there...
by ClearwaysAccountants | Feb 12, 2015 | Business tax, Contractor, Freelancer
Umbrella companies – Is yours too good to be true? The Channel 4 “Dispatches” programme has resulted in extensive media coverage of why some umbrella companies are under investigation or have been accused of exploiting workers who work on contracts...
by ClearwaysAccountants | Feb 5, 2015 | Business tax, Contractor, Freelancer
Dispatches programme shines a spotlight on umbrella companies The Construction union UCATT welcomed the Dispatches programme aired on Monday 19th January, titled “Low Pay Britain” which placed fresh scrutiny on the working of umbrella companies. Dispatches...
by ClearwaysAccountants | Jan 29, 2015 | Contractor, Self Employment
It can be a difficult decision deciding to stop working as an employee for a company and set up as a contractor through your own limited company. Some of your work colleagues may be telling you how much better-off you could be but still you wonder if it is the right...
by ClearwaysAccountants | Jan 22, 2015 | Business tax, Contractor, Personal tax, Self Employment, Small business advice, Tax Calculators
Attached is a spreadsheet that compares your tax home cash for your income as an employee and as a contractor working through your own Limited company. The first sheet is a summary but you must enter data onto the second and third sheets. The second sheet calculates...
by ClearwaysAccountants | Dec 27, 2014 | Budgets and Autumn statements, Contractor, Self Employment, Tax Tips
Are you affected by the changes for employees of umbrella companies? Employees are not generally able to offset the costs of travelling between their homes and their workplaces, even where the employees are working on short term contracts for a number of different...
by ClearwaysAccountants | Dec 17, 2014 | Budgets and Autumn statements, Business tax, Capital taxes, Freelancer, Self Employment, Small business advice, Tax planning
Changes on the rules when you transfer your freelance business to a company To date, a freelancer carrying out a trade could transfer his or her business to a Limited company. The business built up over the previous few years could be valued, not only are the...
by ClearwaysAccountants | Dec 7, 2014 | Contractor, Freelancer, Self Employment, Tax Tips
Nurses – should your extra days be worked through your own limited company? At Clearways Accountants we have been contacted by a nurse working through an agency for one or two days a week (five days a month) asking whether he should work through a limited...
by ClearwaysAccountants | Nov 30, 2014 | Contractor, Freelancer, IR35
HMRC produced the Business Entity Tests and a series of questions for contractors to use with the idea of giving contractors a good idea of whether IR35 applied to their business. But there were serious problems with the tests… The Business Entity Tests were...
by ClearwaysAccountants | Nov 23, 2014 | Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice, Tax Tips
When a company incurs entertaining expenditure – what are the tax rules? Most people understand that client and customer entertaining is not allowed as a business deduction, but what about related expenditure such as travel, and what about staff entertaining?...
