by ClearwaysAccountants | Jul 28, 2014 | Client case studies, Contractor, Freelancer
Pedro is a qualified architect and works to produce stunning images of new building designs, bringing drawings to life. Initially he started his business as self-employed and completed his tax returns. The business is successful and has grown The business has become...
by ClearwaysAccountants | Jul 17, 2014 | Pension planning, Personal tax, Self Employment, Small business advice, Tax planning
So many choices, what to do? Part one covered the less conventional ways of saving for retirement following the changes announced in the budget in March (2014). The options covered in part one were: Do nothing Do nothing formal, just invest privately Rely on your...
by ClearwaysAccountants | Jul 11, 2014 | Pension planning, Personal tax, Self Employment, Small business advice, Tax Tips
So many choices, what to do? With the changes announced in the budget in March (2014) suddenly pension planning has hit the headlines. When you have your own limited company there are many alternatives available for pension planning. The options are: Do nothing Do...
by ClearwaysAccountants | Jul 7, 2014 | Contractor, Self Employment
What is new in the contractor mortgage market? With many lenders now adjusting to new processes in the wake of the biggest change to the mortgage market in many years, it is now possible to see what this means for contractors. What used to happen as recently as March...
by ClearwaysAccountants | Jun 29, 2014 | Pension planning, Personal tax, Tax planning
Have you been unsure about taking out a pension? The Government has announced some large changes to the pensions industry. Those of you that follow my blog will remember the post on pensions posted last year, in it I explained that saving through an organised scheme...
by ClearwaysAccountants | Jun 22, 2014 | Contractor, Self Employment, Small business advice
New rules are included in the Finance Bill 2014, going through Parliament at the moment to stop Non-UK umbrella companies avoiding national insurance and tax on their agency workers. Agencies based outside of the UK with no presence in the UK may not be liable for...
by ClearwaysAccountants | Jun 15, 2014 | Contractor, Self Employment, Small business advice
HMRC consider the building trade to be a target of the broader “false” self-employment rules. By expanding the definition of personal service to “personally involved in the provision of services” many contractors and sub-contractors may be...
by ClearwaysAccountants | Jun 8, 2014 | Freelancer, Self Employment, Small business advice
Are you working as self-employed through an agency? The Government dislikes self-employment generally as anyone who is self-employed can claim business and household expenses against income but they have decided that obtaining work through an agency is not...
by ClearwaysAccountants | May 16, 2014 | Contractor, Freelancer, IR35, Self Employment
New rules apply to agencies supplying workers and work as a ‘kind of’ IR35 for the self-employed. HMRC have dubbed these new regulations the “false” self-employment rules. Contractors working through their own limited companies are NOT...
by ClearwaysAccountants | May 1, 2014 | Contractor, Freelancer, IR35, Self Employment, Small business advice
Plumbers, IT contractors and senior interim managers all use service companies, but what does this mean for the collection of UK tax? The House of Lords has published its report on Personal Service Companies. Unsurprisingly, the report finds that the employed/self...
