by ClearwaysAccountants | May 31, 2017 | Contractor, Small business advice
Personal tax is now too complicated for HMRC technicians! HMRC have admitted that the new dividend allowance and the dividend tax makes the personal tax calculation too complicated for the HMRC software programmers to write. But you cannot rely on other software...
by ClearwaysAccountants | May 24, 2017 | Contractor, Tax Tips
Should you operate your residential property business through a limited company? Until recently there was little incentive to own a buy-to-let property through a limited company, however the new restrictions on interest start to bite in 2017-18 with their full force...
by ClearwaysAccountants | May 10, 2017 | Contractor, Pay, Expenses & Benefits, Small business advice
Why do you use your accountant? Clients come to accountants for a number of reasons, for many, whether you are bakers, IT consultants, plumbers, project managers or web designers, it is because you are great at what you provide to your customers. Keeping up to date...
by ClearwaysAccountants | Apr 12, 2017 | Business tax, Contractor, Self Employment, Small business advice
For the smaller business there have been a lot of changes over the last few years in how business profits are taxed. In particular for small limited companies as the dividend tax credit has gone and been replaced by a dividend tax. What are the changes coming up? From...
by ClearwaysAccountants | Mar 28, 2017 | Contractor, Small business advice, VAT
Many contractors are VAT registered and have signed up to use the Flat Rate Scheme (FRS). It makes filing your VAT returns easier and with limited business costs, the business can make money on the scheme by paying less to HMRC than the business collects from its...
by ClearwaysAccountants | Nov 16, 2016 | Business tax, Contractor, Setting up a Business, Small business advice, Tax Tips
When setting up a business you have several options on what trading structure you use. See our blog on being a sole trader. Here we look at setting up a limited company and what you need to consider. Another option apart from setting up as self employed (as a sole...
