by ClearwaysAccountants | Jul 31, 2013 | Client case studies, Contractor, Small business advice, Tax Tips
Sarah had been made redundant and had decided to start contracting. The market for computer contractors was quite buoyant and she felt she could earn more on this basis with the experience she had gained at a large consultancy firm. While Sarah was waiting for her...
by ClearwaysAccountants | Jul 26, 2013 | Contractor, Freelancer, Self Employment
Working as a contractor has many great benefits, but obtaining a mortgage when you have a more entrepreneurial payment structure can often be highly problematic. Since the onset of the credit drought in 2008, options such as ‘self-certified’ loans, where evidence of...
by ClearwaysAccountants | Jul 19, 2013 | Contractor, Freelancer, Self Employment, Small business advice
Are headhunters and recruitment agencies holding you back? Blinkered recruitment agencies and headhunters are holding back talent in business according to the CEO of Thomas Cook (as reported in The Times). Harriet Green talking at a Fortune Event stated that...
by ClearwaysAccountants | Jul 15, 2013 | Business tax, Client case studies, Contractor, Self Employment, Tax planning, Tax Tips
Gordon contacted Clearways Accountants when he realised that he should no longer trade as a self-employed IT provider. His company had already been formed and he was happy to do the bookkeeping, complete the VAT Returns and run his payroll himself. Initially Gordon...
by ClearwaysAccountants | Jun 25, 2013 | Business tax, Contractor, Freelancer, Self Employment, Tax Tips
What is the 24 month rule? The 24 month rule states that the cost of travel from your home (being your permanent place of residence) to your contract client address (your temporary workplace) is only allowable as a tax deductible expense for as long as you believe...
by ClearwaysAccountants | Jun 17, 2013 | Business tax, Contractor, Freelancer, IR35
What are the changes to IR35 legislation for directors and office holders from 6 April 2013? An office holder in company law means either a director or company secretary. Under tax legislation earnings from an office are taxed as employment income and are generally...
