by ClearwaysAccountants | Mar 20, 2015 | Business tax, Contractor, Freelancer, Pension planning, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
The income tax 2014-15 year end is fast approaching. Make sure you make all the claims and elections you are entitled to before it is too late. Personal tax The final date for 2010/11 claims that that have a four year time limit. These include claims for: personal...
by ClearwaysAccountants | Mar 19, 2015 | Business tax, Capital taxes, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax Calculators
Mr Osborne stated that this Budget, “backs small business owners and the self-employed”. In our view nothing of any significance has changed. The items that caught our eye for our small business clients were: Pension funds (again) The lifetime allowance...
by ClearwaysAccountants | Mar 12, 2015 | Business tax, Pay, Expenses & Benefits, Small business advice, Tax Tips
HMRC is clamping down on taxpayers it suspects are dishonestly claiming horseboxes, some worth hundreds of thousands of pounds, as company expenses. Lorries can escape the benefit-in-kind legislation as being neither a van nor a car and therefore the vehicle can be...
by ClearwaysAccountants | Feb 12, 2015 | Business tax, Contractor, Freelancer
Umbrella companies – Is yours too good to be true? The Channel 4 “Dispatches” programme has resulted in extensive media coverage of why some umbrella companies are under investigation or have been accused of exploiting workers who work on contracts...
by ClearwaysAccountants | Feb 5, 2015 | Business tax, Contractor, Freelancer
Dispatches programme shines a spotlight on umbrella companies The Construction union UCATT welcomed the Dispatches programme aired on Monday 19th January, titled “Low Pay Britain” which placed fresh scrutiny on the working of umbrella companies. Dispatches...
by ClearwaysAccountants | Jan 22, 2015 | Business tax, Contractor, Personal tax, Self Employment, Small business advice, Tax Calculators
Attached is a spreadsheet that compares your tax home cash for your income as an employee and as a contractor working through your own Limited company. The first sheet is a summary but you must enter data onto the second and third sheets. The second sheet calculates...