by ClearwaysAccountants | Dec 24, 2012 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax planning, Tax Tips
Reducing your tax payment Once you have included all your income on your tax return you can turn to the payments that you have made that can be deducted against tax. Pension payments Payments made by you personally to your pension plan is deductible against tax. The...
by ClearwaysAccountants | Dec 17, 2012 | Business tax, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
You still have time to complete your self assessment tax return by the 31 January 2013 but there is work to be done! You will need to declare all your income on your tax return. Here is a list of the most common sources of income: Self-employed profits You will need...
by ClearwaysAccountants | Dec 11, 2012 | Business tax, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax Tips
Is your panic rising with the 31st January filing deadline rapidly approaching ? Well the first piece of advice is “Don’t panic”! This is the first in a series of blogs that will help you complete your self assessment tax return by the 31 January. Do...
by ClearwaysAccountants | Dec 5, 2012 | Budgets and Autumn statements, Contractor, Freelancer, Personal tax, Self Employment, Small business advice
The small business guide to what is new and what is changing from the Chancellor’s Autumn Statement 2012 Personal allowances and tax thresholds For the tax year 2013-14 the Personal Allowance will increase to £9,440 and the basic rate limit will be set at...
by ClearwaysAccountants | Nov 29, 2012 | Business tax, Contractor, Freelancer, IR35
We have been asked this question a number of times recently. For those of you who don’t know this is proposed new legislation that would apply to contractors working through their own Limited Company. HM Revenue & Customs are responding to the recent outcry...
by ClearwaysAccountants | Nov 21, 2012 | Contractor, Freelancer, Self Employment, Small business advice
Last year HMRC began testing a new compliance procedure – Business Records Checks (BRCs). The aim was to visit smaller businesses and identify those that are not keeping adequate records. The professional bodies, including ICAEW, had serious concerns about the...
