by ClearwaysAccountants | May 24, 2017 | Contractor, Tax Tips
Should you operate your residential property business through a limited company? Until recently there was little incentive to own a buy-to-let property through a limited company, however the new restrictions on interest start to bite in 2017-18 with their full force...
by ClearwaysAccountants | May 10, 2017 | Contractor, Pay, Expenses & Benefits, Small business advice
Why do you use your accountant? Clients come to accountants for a number of reasons, for many, whether you are bakers, IT consultants, plumbers, project managers or web designers, it is because you are great at what you provide to your customers. Keeping up to date...
by ClearwaysAccountants | Apr 12, 2017 | Business tax, Contractor, Self Employment, Small business advice
For the smaller business there have been a lot of changes over the last few years in how business profits are taxed. In particular for small limited companies as the dividend tax credit has gone and been replaced by a dividend tax. What are the changes coming up? From...
by ClearwaysAccountants | Mar 28, 2017 | Contractor, Small business advice, VAT
Many contractors are VAT registered and have signed up to use the Flat Rate Scheme (FRS). It makes filing your VAT returns easier and with limited business costs, the business can make money on the scheme by paying less to HMRC than the business collects from its...
by ClearwaysAccountants | Dec 14, 2016 | Pay, Expenses & Benefits, Setting up a Business, Small business advice
Our earlier Setting up a Business blog posts looked at the key issues when setting up as either a limited company or self employed sole trader. Another important area to think about is whether you will need to take on employees and the costs of setting up a PAYE (pay...
by ClearwaysAccountants | Nov 30, 2016 | Self Employment, Setting up a Business, Small business advice, VAT
A key accounting topic for small businesses that we get asked about very frequently is VAT! Particularly as a small business when to become VAT registered and the special schemes that are available. Value Added Tax (VAT) is paid by businesses, companies and...
by ClearwaysAccountants | Nov 23, 2016 | Budgets and Autumn statements
A new Chancellor but is there a new direction for tax? Chancellor Philip Hammond made his first speech as Chancellor today and Clearways Accountants were watching the TV to see if there were any significant changes in tax or National Insurance that our contractor and...
by ClearwaysAccountants | Nov 16, 2016 | Business tax, Contractor, Setting up a Business, Small business advice, Tax Tips
When setting up a business you have several options on what trading structure you use. See our blog on being a sole trader. Here we look at setting up a limited company and what you need to consider. Another option apart from setting up as self employed (as a sole...
by ClearwaysAccountants | Nov 2, 2016 | Freelancer, Self Employment, Setting up a Business, Small business advice
We regularly get asked what you need to consider when thinking about setting up in business on your own. If you decide to set up in business on your own the simplest way to start is to be self-employed. This means you are in business as yourself. All you have to do is...
by ClearwaysAccountants | Oct 19, 2016 | Budgets and Autumn statements, Small business advice
Lies, damned lies and statistics! The newspapers, television and online sites report Government statistics and discuss what they mean for the economy, for jobs, and for prosperity. But should we be so sure in the numbers themselves? The vast majority of official...
