by ClearwaysAccountants | Feb 7, 2013 | Business tax, Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice, Tax Tips
Company car or private purchase? This question comes up quite a lot and as you would expect when considering tax, the answer is – it depends. Second to a house, buying a car is the biggest purchase we make. Just choosing the type of car based on personal...
by ClearwaysAccountants | Jan 31, 2013 | Contractor, IR35, Self Employment, Small business advice, Tax planning
Contractors working through their own company for clients either directly or indirectly may be caught by the intermediaries legislation, known in the press as IR35. The effect of working through your own company The IR35 legislation was written in an attempt to stop...
by ClearwaysAccountants | Jan 24, 2013 | Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax Tips
Don’t forget your income tax is due by 31 January 2013! This is regardless of whether you send your tax return in on paper before 31 October 2012 or whether you have (or will) submit your tax return electronicaly by 31 January 2013. Even if you fail to send...
by ClearwaysAccountants | Jan 18, 2013 | Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax Tips
You have no option now but there are still 10 advantages of submitting your Self Assessment tax return online… The three main advantages are: 1. You don’t have to calculate your tax, the online system does all the maths for you. So you know you are correct...
by ClearwaysAccountants | Jan 9, 2013 | Contractor, IR35, Tax planning, Tax Tips
If you have been contracting for a while using an umbrella company and you have decided that you like the lifestyle and the challenge that contracting gives you, then it will be more beneficial to operate through your own limited company. We have a number of clients...
by ClearwaysAccountants | Jan 2, 2013 | Business tax, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
All your information has been collected so lets get online! At this point you should be registered with HMRC and have received your online login ID and password. You have gathered together your income and allowable expenses – steps 1, 2 and 3 of this blog...
