by ClearwaysAccountants | Nov 13, 2012 | Contractor, IR35, Self Employment, Setting up a Business, Tax planning
It can seem daunting when you make the change from being a permanent employee to a contractor… All the tasks that were completed by the HR Department are now left to you, so here are some simple ideas to get you started. Don’t worry! You may be new to...
by ClearwaysAccountants | Nov 2, 2012 | Contractor, Self Employment, Setting up a Business, Tax planning, Tax Tips
This is a common contractor question and the answer is… “It depends”! Setting up your own limited company is easy, just an hour on the Companies House website will be enough, and within a couple of days your new company will be registered and ready...
by ClearwaysAccountants | Sep 10, 2012 | Business tax, Contractor, Self Employment, Setting up a Business, Small business advice, Tax Tips
If you decide to set up in business on your own as a contractor or freelancer you have to choose between trading as a limited company (being incorporated) or being self-employed (a sole trader). If you started your business as self-employed and your business has grown...
by ClearwaysAccountants | Jul 23, 2012 | Contractor, IR35, Self Employment, Small business advice
Here are some useful case studies from HMRC on how to apply their Business Entity Tests (BET) and IR35 to certain contracts… Case Study One – Emma Emma is a sole director, shareholder and worker of E Ltd. Emma contracts with an agency, which in turn...
by ClearwaysAccountants | Jul 23, 2012 | Business tax, Contractor, IR35, Tax Tips
HMRC have published guidance for contractors and freelancers to use to assess whether they are at a high, medium or low risk of HMRC checking their IR35 status – the guidance is NOT intended to indicate whether a contract falls within the IR35 rules. HMRC now...
by ClearwaysAccountants | Jun 13, 2012 | Business tax, Contractor, Self Employment, Setting up a Business
Are you tempted by working for yourself? Has it been thrust upon you by cutbacks made by your employer in the recession? Here is some general advice for those about to start-up in business as a contractor or freelancer. Be prepared Use the time when you are setting...
