by ClearwaysAccountants | Jul 11, 2018 | Contractor, IR35
The press have given a lot of column inches to the problems the BBC and BBC presenters are having with IR35 but a recent decision at the tax tribunal shows that the era of the personal service company is far from over. In this case the contractor company provided...
by ClearwaysAccountants | Jun 28, 2018 | Business tax, Contractor, Personal tax, Tax Tips
With changes in the personal allowance, basic rate band, NI threshold and dividend allowance, it is easy to lose track of whether a director working in their own service company would be better paying a larger salary compared to small salary and dividend. Let’s...
by ClearwaysAccountants | May 15, 2018 | Contractor, Tax Calculators
We have updated our tax calculator so you can see how much tax you and your company will pay depending on how you take money out of your contractor company. The old calculators will stay on the website so you can compare year-on-year Download the new tax calculator...
by ClearwaysAccountants | Apr 18, 2018 | Contractor, Pay, Expenses & Benefits
Employer-provided childcare voucher schemes were due to close to new entrants after 5 April 2018. However, the Government has recently announced that this deadline will be extended by six months, to October 2018. Existing employer-supported childcare schemes are being...
by ClearwaysAccountants | Apr 4, 2018 | Contractor, IR35
The BBC should have reviewed contracts under IR35 As reader of this blog will know, the Government did not change the rules on IR35 in April 2017 but did change who has to make the assessment. All public sector bodies were included in this new measure,...
by ClearwaysAccountants | Jan 10, 2018 | Contractor, Pay, Expenses & Benefits, Tax Tips, VAT
When you incur VAT on European business expenses you cannot reclaim the VAT through your UK VAT return. So what can you do? If you meet the requirements you may be to reclaim the EU VAT through the UK VAT portal. Those conditions are: You must be VAT registered in the...
