by ClearwaysAccountants | Jul 10, 2015 | Budgets and Autumn statements, Tax planning
Rent-a-room relief The summer budget of 2015 has increased the rent-a-room relief from £4,250 (which has been unchanged for 18 years) to £7,500 making renting part of your private residence much more attractive. This would equate to a £625 monthly room rate. This...
by ClearwaysAccountants | Jul 10, 2015 | Budgets and Autumn statements
The Chancellor has made a raid on small family owned businesses! The overall message of this budget is that the Government do not appreciate the part small companies’ pay in enhancing the economy and providing services at short notice for other businesses. What...
by ClearwaysAccountants | Dec 27, 2014 | Budgets and Autumn statements, Contractor, Self Employment, Tax Tips
Are you affected by the changes for employees of umbrella companies? Employees are not generally able to offset the costs of travelling between their homes and their workplaces, even where the employees are working on short term contracts for a number of different...
by ClearwaysAccountants | Dec 17, 2014 | Budgets and Autumn statements, Business tax, Capital taxes, Freelancer, Self Employment, Small business advice, Tax planning
Changes on the rules when you transfer your freelance business to a company To date, a freelancer carrying out a trade could transfer his or her business to a Limited company. The business built up over the previous few years could be valued, not only are the...
by ClearwaysAccountants | Mar 20, 2013 | Budgets and Autumn statements
Political overview More doom and gloom from Mr Osborne this afternoon. The Government is still borrowing massive amounts of money and growth is almost non-existent. The Government is looking to reduce department budgets so for contractors and small businesses working...
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...
