by ClearwaysAccountants | Nov 11, 2014 | Contractor, Freelancer, Pay, Expenses & Benefits, Small business advice, Tax Tips
Business Gifts to Customers or Clients The costs of providing a gift carrying a conspicuous advertisement for your company or business, and which is not food, drink or tobacco, or a token exchangeable for goods, and which costs no more than £50 in total in your...
by ClearwaysAccountants | Oct 28, 2014 | Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
Can you hold a Christmas party (or any other party for that matter!) as a single person Limited company? You can have as many parties as you like PROVIDING the cost of the events do not add up to more than £150. This means you could have a number of big lunches, as...
by ClearwaysAccountants | Oct 22, 2014 | Contractor, Self Employment
How do you choose your contractor accountant? You should look for an accountant who is qualified with one of the recognised accountancy bodies, such as: ICAEW (Institute of Chartered Accountants in England and Wales); ICAS (Institute of Chartered Accountants in...
by ClearwaysAccountants | Oct 15, 2014 | Contractor, Self Employment
A contractor loan scheme is a tax avoidance arrangement where non-UK employers have paid you untaxed income or given you a loan instead of part of your salary. If you’ve taken part in a contractor loan scheme you may still have to pay Income Tax on the loan....
by ClearwaysAccountants | Oct 7, 2014 | Contractor
Are you buying a house? Are you a contractor? In which case you will find the information provided by our linked mortgage provider CMME helpful. Avoiding the ‘Unaffordable Mortgage Trap’ as a Contractor October 2014 will see the latest round of new...
by ClearwaysAccountants | Sep 28, 2014 | Business tax, Contractor, Small business advice, Tax planning, Tax Tips
Can your spouse work for your contractor Limited Company? In short, Yes! Your spouse can receive a salary for the administration work they do for your contractor Limited Company. The work need not be difficult and your spouse does not need to be a full-time employee....
by ClearwaysAccountants | Sep 21, 2014 | Tax Calculators
Car Tax Calculator 2014-15 Use our updated car tax calculator to calculate whether your Limited Company should purchase your new car or whether you should take further dividends and buy the car yourself. Company Car Purchase Tax Calculator 2014-15 ...
by ClearwaysAccountants | Sep 13, 2014 | Pension planning, Small business advice
How will you cope with auto-enrolment? Everyone should be aware of auto-enrolment for employees through the government’s advertising campaigns. The scheme is gradually being rolled out, starting with the largest employers and getting to the small/micro company...
by ClearwaysAccountants | Sep 6, 2014 | Contractor, Pay, Expenses & Benefits, Small business advice, Tax Tips
General conditions for employer supported childcare The following conditions relate to all childcare support provided by an employer: Available to all staff The childcare support should be offered in a scheme in which all employees are eligible to participate. The...
by ClearwaysAccountants | Aug 13, 2014 | Contractor, Freelancer, Self Employment, Tax Tips
Have you been asked by your agency to transfer to their umbrella company or set-up your own Limited company? Do you want to know why? In this year’s Finance Act the government changed the legislation for people who are self-employed and working through an...
