by ClearwaysAccountants | Apr 17, 2020 | Contractor
More information form HMRC on the Wage Support Portal The details of what information needs to be completed in the new portal has been published: you can claim for employees that were employed as of 19 March 2020 and were on your PAYE payroll on or before that date;...
by ClearwaysAccountants | Apr 8, 2020 | Contractor, COVID-19 Business Support
Company Directors – 80% Wages Support We have received guidance on the wage grant. HMRC have confirmed that: Salaried company directors are eligible to be furloughed and receive support through this scheme. If a company has a number of directors then the...
by ClearwaysAccountants | Mar 27, 2020 | Contractor, COVID-19 Business Support
From The Treasury “Those who pay themselves a salary and dividends through their own company are not covered by the scheme but will be covered for their salary by the Coronavirus Job Retention Scheme if they are operating PAYE schemes.” HMRC have...
by ClearwaysAccountants | Mar 27, 2020 | Contractor, COVID-19 Business Support
We have received an update from HMRC about the 80% wages grant. There are still open questions. My thanks to the ICAEW COVID 19 hub for providing this summary of the position so far. Rules as outlined in official statements released at 23 March 2020: Furloughed...
by ClearwaysAccountants | Mar 27, 2020 | Contractor, COVID-19 Business Support, Self Employment
The Chancellor announced the self-employment income support package today. See the details below, as provided from the Government Business Support web page What is it? The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including...
by ClearwaysAccountants | Mar 23, 2020 | Contractor, COVID-19 Business Support
We will struggle to answer your questions individually especially as details are thin on the ground. I am sending out blogs and newsletters as I get the information. From the Chancellor on Friday, with added comments from Clearways Accountants “Today I can...
by ClearwaysAccountants | Mar 23, 2020 | Contractor, COVID-19 Business Support
Government assistance to businesses Tax Helpline There is a new helpline to offer help and support to any business or self-employed individuals that are concerned about paying their tax due to COVID-19. HMRC will discuss your specific circumstances with a view to:...
by ClearwaysAccountants | Mar 18, 2020 | Contractor, IR35
An update from Westminster Great news for contractors, if you still have your contract. After pressure from Peers and Covid-19, the IR35 changes to the private sector have been delayed by a year. Steve Barclay, the Chief Secretary to the Treasury said, “I can...
by ClearwaysAccountants | Mar 12, 2020 | Budgets and Autumn statements, Contractor, Self Employment, Small business advice
A new Government and a Budget for a new era. This Budget was a spend, spend, spend budget but it’s hard to see where the money is coming from; some from the changes to entrepreneur’s relief, a large slice from the changes to IR35 and another lump from...
by ClearwaysAccountants | Nov 25, 2019 | Contractor, IR35
The Finance Bill 2019-20 was not passed into law before parliament was dissolved on 6 November 2019. The new rules for IR35 (see below for a recap) are therefore NOT law and so it is you or your accountant who continue to make the IR35 judgement on each contract. The...
