by ClearwaysAccountants | Mar 15, 2023 | Contractor
Budget measures March 2023 As a reminder the personal allowance, personal tax rates, national insurance rates and capital gains tax rates remain unchanged from 2022-23. Company car tax rates are unchanged. The full list of rates and allowances can be seem online...
by ClearwaysAccountants | Nov 21, 2022 | Budgets and Autumn statements, Business tax, Contractor
Autumn Statement 2022 (again!) Two autumn statements in as many months but this one looks like it is here to stay. There are number of points mentioned and others that were not mentioned in the statement that I want to draw your attention to. Most of the allowance...
by ClearwaysAccountants | Mar 23, 2022 | Contractor
NIC update – lovely surprise! Today the Chancellor announced some serious cuts to employee’s national insurance. The rate increase of 1.25% remains in place and starts on 6 April BUT he has increased the threshold at which NI starts to be paid. Many...
by ClearwaysAccountants | Mar 5, 2021 | Contractor, COVID-19 Business Support, VAT
For businesses that deferred VAT payments due between 20 March and 30 June 2020 the payment is due by 31 March 2021. When HMRC set this repayment deadline no one thought that businesses would still be suffering from COVID-19 restrictions. In recognition of...
by ClearwaysAccountants | Mar 5, 2021 | Budgets and Autumn statements, Business tax, Contractor, COVID-19 Business Support
A year is a long time in politics. In the Budget 2020, the Chancellor earmarked £12 billion for COVID expenditure, at this year’s Budget the total spend was heading towards £407 billion. This is a huge amount of money that will take generations to repay,...
by ClearwaysAccountants | Dec 14, 2020 | Contractor, Tax Calculators
We have updated our tax calculator so you can see how much tax you and your company will pay depending on how you take money out of your contractor company. The old calculators will stay on the website so you can compare year-on-year Download the new tax calculator...
