by ClearwaysAccountants | Jan 15, 2014 | Small business advice
Do you need to accept debit or credit cards from your customers? If you do, you probably find that standard monthly charges for card readers are high, this is especially so if your business is seasonal. If you sell, Christmas trees or fireworks, for example, you only...
by ClearwaysAccountants | Jan 9, 2014 | Landlords, Tax Tips
Do you own a buy-to-let property? Normally a business will claim capital allowances on any plant and equipment purchased for use in the business. You cannot make a claim for capital allowances if the equipment is for use in a dwelling house i.e. in a buy-to-let...
by ClearwaysAccountants | Dec 29, 2013 | Contractor, Freelancer, IR35, Self Employment
The three key requirements in a contract that will fall outside IR35 are: a good substitution clause, see our earlier blog a lack of control, see examples; and finally a lack of “mutuality of obligations” What is mutuality of obligations? If you are an...
by ClearwaysAccountants | Nov 29, 2013 | Client case studies, Contractor, Freelancer, IR35, Small business advice, Tax Tips
A contractor based in Charlwood was an employee one day and almost the following day he had succeeded in obtaining a contract. A different organisation but all in website design and development. Stuart called Clearways Accountants on a Friday with just a week to form...
by ClearwaysAccountants | Nov 25, 2013 | Contractor, Freelancer, Self Employment, Small business advice
You’ve read the overview and now you are ready to get on and start preparing your business plan. Step One Know yourself – Strengths, Weaknesses, Opportunities and Threats This is infamous but it boils down your situation into the nuts and bolts of your...
by ClearwaysAccountants | Nov 20, 2013 | Contractor, Freelancer, IR35
Control is one of the three key factors in determining the IR35 status of your contract. The others are the right to send a substitute; and mutuality of obligation. Control is an old concept in tax law and refers to masters and servants. Control relates to how the...
by ClearwaysAccountants | Nov 14, 2013 | Contractor, Pay, Expenses & Benefits, Self Employment, Small business advice, Tax Tips
Well you can! You can pay up to £55 per week in childcare vouchers to employees (you) and not pay any national insurance or income tax but you can claim a business tax deduction. If you receive a salary of about £7,500 your salary will be taxable at the basic rate (or...
by ClearwaysAccountants | Nov 8, 2013 | Self Employment, Small business advice
Creating your own business plan “With careful and detailed planning, one can win; with careless and less detailed planning, one cannot win. How much more certain is defeat if one does not plan at all! From the way planning is done beforehand, we can predict...
by ClearwaysAccountants | Nov 4, 2013 | Client case studies, Freelancer, Self Employment, Small business advice
At Clearways Accountants we were approached by a skilful amateur photographer who wanted to take the next step and make it his profession. He already had an excellent portfolio of pictures and had spent a lot of time in gathering the best images together. Adriaan...
by ClearwaysAccountants | Oct 29, 2013 | Contractor, Self Employment, Tax Tips
Locum doctors and nurses If you are a locum doctor or nurse you may be better off working through your own Limited company rather than working on your agency’s books or joining an umbrella company. At Clearways Accountants we can tell you that working though...
