by ClearwaysAccountants | Mar 19, 2012 | Business tax, Tax Tips
Some year-end tax planning could save you a considerable amount of tax. Year-end tax planning tip 1 – Sole trader and partnership year end dates The choice of the accounting date affects the delay between earning the profits and paying the tax. If your profits...
by ClearwaysAccountants | Feb 1, 2012 | Business tax, Pay, Expenses & Benefits, Tax Tips
A selection of tables on: expenses that are most commonly deducted in calculating company or self-employment profits for tax; and deductible property expenses. Expense Company self-employed wages and salaries of staff you employ Y Y wages of yourself (you are...
by ClearwaysAccountants | Feb 1, 2012 | Business tax, Self Employment, Setting up a Business, Small business advice, Tax Tips
There are basically four ways to trade: as a sole trader; as a limited company; as a partnership (if you are setting up a business with at least one other person); or a limited liability partnership. The key characteristics are outlined below and on our calculators...
by ClearwaysAccountants | Feb 1, 2012 | Business tax, Small business advice
Tax Sole traders/partnerships Companies Income tax Yes No Corporation tax No Yes National Insurance Class 1 (employees) No No Class 1 (employers) Yes Yes Class 2 Yes No Class 3 Yes No Class 4 Yes No VAT Yes Yes Rates Yes Yes Council...
by ClearwaysAccountants | Feb 1, 2012 | Business tax, Self Employment, Setting up a Business, Small business advice, Tax Tips
Here is an article I wrote for Equine Touchin’ UK magazine on getting started in business. Equine Touch UK is UK based equine bodywork group. In the last edition of Equine Touchin’ UK there were five top tips for marketing your ET skills. So you have started to...
by ClearwaysAccountants | Dec 15, 2011 | Business tax, Pay, Expenses & Benefits, Tax Tips
Did you realise you can pay up to £55 per week in childcare vouchers to employees and not pay any national insurance or income tax but you can claim a business tax deduction? If you are maximising efficiency when you extract funds from your own company and therefore...
