by ClearwaysAccountants | Sep 21, 2016 | Business tax, Contractor, Pay, Expenses & Benefits, Personal tax, Tax Tips
When is dividend tax payable? All contractors should now be aware of the tax that will be payable on dividends. The new tax regime commenced on 6 April 2016 and dividends falling outside the dividend allowance will now be taxed at 7.5%, 32.5% and 38.1% depending on...
by ClearwaysAccountants | Sep 7, 2016 | Contractor, Pay, Expenses & Benefits, Tax planning
Contractor Loan Schemes and HMRC HMRC have featured contractor loan schemes in their Spotlights series. “Spotlights” are the schemes that HMRC have looked at and determined that (a) they don’t like them; and (b) they don’t work. As a result...
by ClearwaysAccountants | Aug 3, 2016 | Contractor, Pay, Expenses & Benefits, Small business advice, Tax Tips
Did you know you might qualify for £500 of medical help? If you are off work with medical problems your employer may be able to pay £500 tax-free and NIC free to the employee to pay for help in getting back to work. This applies to contractor companies as well as...
by ClearwaysAccountants | Jul 20, 2016 | Client case studies, Self Employment, Small business advice, Tax planning, VAT
Kemp Marketing Limited have been a client of Clearways Accountants for a few years now. Kemp Marketing, through their director/shareholder provide marketing strategy and assistance to smaller sized business who are not large enough to have an internal resource but...
by ClearwaysAccountants | Jul 7, 2016 | Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice
Out with the old When employees expenses are re-imbursed, even when they are business expenses they should be disclosed on the annual P11D. This didn’t apply for mileage at the 45p (or 25p rate). To avoid this paperwork companies could apply for a dispensation...
by ClearwaysAccountants | Jun 22, 2016 | Contractor
Are you discovering that lenders do not understand your status as a contractor? We have teamed up with specialist contractor mortgage broker Contractor Mortgages Made Easy (CMME) to offer mortgages based on your contract earnings. Here are their comments: In the past...
by ClearwaysAccountants | Jun 8, 2016 | Personal tax
Who pays Income Tax? We all pay Income Tax on our earnings and investment income. If you read the press you would think that the top earners get away with not paying their share. According to the statistics, this is not true. The top 1% of earners pay 27.5% of all...
by ClearwaysAccountants | May 25, 2016 | Contractor, Freelancer, Pay, Expenses & Benefits, Personal tax, Self Employment, Tax Tips
Many people working in the TV and radio sector work as self-employed, employed but more often now as contractors through their own Limited company. Lorimer Letters TV or radio workers can find work as a mix of self-employed and employment. In the main HMRC will...
by ClearwaysAccountants | May 19, 2016 | Clearways News
My office is now a film star! Last week a film crew of three arrived to film my office – it is going to be the star of the “Smart Offices” marketing campaign. The office has already appeared in The Times and The Telegraph and now the marketing is...
by ClearwaysAccountants | May 11, 2016 | Client case studies, Contractor, Freelancer, IR35, Pay, Expenses & Benefits, Small business advice
Every business sector can work through a Limited company At Clearways Accountants, we work for a number of HR professionals working through their own Limited company, one of which is Mitchell Palmer Limited. Their web site is here. The company had already been set up...
