by ClearwaysAccountants | Dec 5, 2012 | Budgets and Autumn statements, Contractor, Freelancer, Personal tax, Self Employment, Small business advice
The small business guide to what is new and what is changing from the Chancellor’s Autumn Statement 2012 Personal allowances and tax thresholds For the tax year 2013-14 the Personal Allowance will increase to £9,440 and the basic rate limit will be set at...
by ClearwaysAccountants | Nov 29, 2012 | Business tax, Contractor, Freelancer, IR35
We have been asked this question a number of times recently. For those of you who don’t know this is proposed new legislation that would apply to contractors working through their own Limited Company. HM Revenue & Customs are responding to the recent outcry...
by ClearwaysAccountants | Nov 21, 2012 | Contractor, Freelancer, Self Employment, Small business advice
Last year HMRC began testing a new compliance procedure – Business Records Checks (BRCs). The aim was to visit smaller businesses and identify those that are not keeping adequate records. The professional bodies, including ICAEW, had serious concerns about the...
by ClearwaysAccountants | Nov 13, 2012 | Contractor, IR35, Self Employment, Setting up a Business, Tax planning
It can seem daunting when you make the change from being a permanent employee to a contractor… All the tasks that were completed by the HR Department are now left to you, so here are some simple ideas to get you started. Don’t worry! You may be new to...
by ClearwaysAccountants | Nov 9, 2012 | Freelancer, Personal tax, Self Employment, Setting up a Business, Small business advice, Tax planning, Tax Tips
It can seem daunting when you decide to set-up business on your own and you change from being a permanent employee to a freelancer… All the tasks that were completed by the HR department are now left to you, so here are some simple ideas to get you started....
by ClearwaysAccountants | Nov 2, 2012 | Contractor, Self Employment, Setting up a Business, Tax planning, Tax Tips
This is a common contractor question and the answer is… “It depends”! Setting up your own limited company is easy, just an hour on the Companies House website will be enough, and within a couple of days your new company will be registered and ready...
by ClearwaysAccountants | Oct 15, 2012 | Self Employment, Small business advice
Have a better impact in your business by asking high-quality questions… Peak performance expert Anthony Robbins knows the importance of asking high-quality questions. When you ask low-quality questions, your brain searches for an answer and can only come up...
by ClearwaysAccountants | Sep 24, 2012 | Business tax, Self Employment, Small business advice
Sometimes it can seem confusing, should you trade in your own name as self-employed or should you incorporate a company. Here is a simple table to show you the differences: Limited company Self-employed Director’s salaries are paid under PAYE and depending on...
by ClearwaysAccountants | Sep 10, 2012 | Business tax, Contractor, Self Employment, Setting up a Business, Small business advice, Tax Tips
If you decide to set up in business on your own as a contractor or freelancer you have to choose between trading as a limited company (being incorporated) or being self-employed (a sole trader). If you started your business as self-employed and your business has grown...
by ClearwaysAccountants | Aug 28, 2012 | Pension planning, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
Are you currently saving for a pension? I know it’s not the most exciting of topics but the reality is that when you stop work and retire, you will no longer have your regular pay slip to rely on. So an adequate pension provision is vital if you have plans for...
