by ClearwaysAccountants | Dec 11, 2012 | Business tax, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax Tips
Is your panic rising with the 31st January filing deadline rapidly approaching ? Well the first piece of advice is “Don’t panic”! This is the first in a series of blogs that will help you complete your self assessment tax return by the 31 January. Do...
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 | 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 | Jul 23, 2012 | Business tax, Contractor, IR35, Tax Tips
HMRC have published guidance for contractors and freelancers to use to assess whether they are at a high, medium or low risk of HMRC checking their IR35 status – the guidance is NOT intended to indicate whether a contract falls within the IR35 rules. HMRC now...
by ClearwaysAccountants | Jun 13, 2012 | Business tax, Contractor, Self Employment, Setting up a Business
Are you tempted by working for yourself? Has it been thrust upon you by cutbacks made by your employer in the recession? Here is some general advice for those about to start-up in business as a contractor or freelancer. Be prepared Use the time when you are setting...
