by ClearwaysAccountants | Feb 23, 2013 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
What are dividends? Dividends are another way of taking money out of your company (the other ways you can take money out of the company are: salary, reimbursement of expenses and a company loan). Who can receive a dividend? Dividends are paid to the owners of the...
by ClearwaysAccountants | Feb 7, 2013 | Business tax, Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice, Tax Tips
Company car or private purchase? This question comes up quite a lot and as you would expect when considering tax, the answer is – it depends. Second to a house, buying a car is the biggest purchase we make. Just choosing the type of car based on personal...
by ClearwaysAccountants | Jan 24, 2013 | Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax Tips
Don’t forget your income tax is due by 31 January 2013! This is regardless of whether you send your tax return in on paper before 31 October 2012 or whether you have (or will) submit your tax return electronicaly by 31 January 2013. Even if you fail to send...
by ClearwaysAccountants | Jan 18, 2013 | Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax Tips
You have no option now but there are still 10 advantages of submitting your Self Assessment tax return online… The three main advantages are: 1. You don’t have to calculate your tax, the online system does all the maths for you. So you know you are correct...
by ClearwaysAccountants | Jan 2, 2013 | Business tax, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
All your information has been collected so lets get online! At this point you should be registered with HMRC and have received your online login ID and password. You have gathered together your income and allowable expenses – steps 1, 2 and 3 of this blog...
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...
