by ClearwaysAccountants | Sep 7, 2017 | Contractor, Pension planning
There is a savings crisis in the UK and it is estimated by Canada Life, the insurance company, that about 10 million British workers will be forced into taking later retirement. It’s also a worsening picture, with the number of people expecting to have to work longer...
by ClearwaysAccountants | Aug 23, 2017 | Contractor, Pay, Expenses & Benefits, Pension planning, Setting up a Business, Small business advice
Auto-enrolment feels as if it has been around for years now, and for large employers it has been. The smallest companies are now reaching their staging dates – so what do you need to know or do? Check whether you are an employer? It is possible that you were...
by ClearwaysAccountants | Aug 16, 2017 | Contractor, IR35
The new legislation for public sector contractors came into place on 1 April 2017. What does this mean for you? The “old” rules required the contractor company to assess the contractual and working relationship between the end client and the worker...
by ClearwaysAccountants | Jul 12, 2017 | Business tax, Contractor, Self Employment, Setting up a Business, Tax Calculators
We have updated our contractor tax calculator for the 2017-18 rates and allowances. Those of you that have read our blog on HMRC programming difficulties will know that the income tax calculation is getting more complicated and harder to programme into a simple...
by ClearwaysAccountants | Jun 14, 2017 | Contractor, Personal tax, Small business advice, Tax planning, Tax Tips
Tax planning with interest income The taxation of interest income is getting very complicated with both a Savings Starting Rate Band (“SSRB”) and a Personal Savings Allowance but this complication also bring opportunities. So how is interest taxed at the...
by ClearwaysAccountants | Jun 7, 2017 | Contractor, IR35
The NHS backs down… The NHS have backed down in an argument with locums over the forced application of IR35 to medical staff. NHS Improvement gave advice to all NHS Trusts stating that they expected all contractors to fall within IR35 and therefore agency...
