by ClearwaysAccountants | Nov 29, 2013 | Client case studies, Contractor, Freelancer, IR35, Small business advice, Tax Tips
A contractor based in Charlwood was an employee one day and almost the following day he had succeeded in obtaining a contract. A different organisation but all in website design and development. Stuart called Clearways Accountants on a Friday with just a week to form...
by ClearwaysAccountants | Nov 25, 2013 | Contractor, Freelancer, Self Employment, Small business advice
You’ve read the overview and now you are ready to get on and start preparing your business plan. Step One Know yourself – Strengths, Weaknesses, Opportunities and Threats This is infamous but it boils down your situation into the nuts and bolts of your...
by ClearwaysAccountants | Nov 20, 2013 | Contractor, Freelancer, IR35
Control is one of the three key factors in determining the IR35 status of your contract. The others are the right to send a substitute; and mutuality of obligation. Control is an old concept in tax law and refers to masters and servants. Control relates to how the...
by ClearwaysAccountants | Nov 14, 2013 | Contractor, Pay, Expenses & Benefits, Self Employment, Small business advice, Tax Tips
Well you can! You can pay up to £55 per week in childcare vouchers to employees (you) and not pay any national insurance or income tax but you can claim a business tax deduction. If you receive a salary of about £7,500 your salary will be taxable at the basic rate (or...
by ClearwaysAccountants | Oct 29, 2013 | Contractor, Self Employment, Tax Tips
Locum doctors and nurses If you are a locum doctor or nurse you may be better off working through your own Limited company rather than working on your agency’s books or joining an umbrella company. At Clearways Accountants we can tell you that working though...
by ClearwaysAccountants | Oct 15, 2013 | Contractor, IR35
The substitution clause is the most easily understood of the three key criteria that will determine whether your limited company contract is caught by IR35 or not. What are the key questions to ask when you read the contract? Is there a right to send a substitute? Is...
