by ClearwaysAccountants | Mar 15, 2016 | Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice
Claiming meal allowances has been brought into the twenty-first century. As part of the tax simplification of employer benefits and expenses a new meal allowance will be introduced from 6 April 2016. The new system will replace the current system of entering the...
by ClearwaysAccountants | Feb 23, 2016 | Contractor, Freelancer, Pay, Expenses & Benefits, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
The new dividend tax rules will come into force on 6th April 2016, so you need to think about planning your current year dividends now, if you haven’t already decided on a strategy. What are the new dividend tax rules? The notional tax credit that has been...
by ClearwaysAccountants | Nov 27, 2015 | Contractor, Freelancer, Self Employment, Small business advice, Tax Tips, VAT
A common problem for small businesses… Late payments create cash flow problems for small businesses and this can lead to debts with HM Revenue & Customs. According to the latest figures, VAT arrears are currently £2.58 billion. Most companies pay VAT on the...
by ClearwaysAccountants | Nov 25, 2015 | Budgets and Autumn statements, Business tax, Contractor, Freelancer, Self Employment, Small business advice
A generally upbeat speech by the Chancellor… See our separate blogs on travel and subsistence expenses and buy-to-let changes. The economy is growing and this is good news for all businesses but particularly small businesses and start-ups. There are many...
by ClearwaysAccountants | Nov 25, 2015 | Budgets and Autumn statements, Contractor, Freelancer, IR35, Pay, Expenses & Benefits, Tax Tips
The Chancellor has listened! In the Summer Budget the Chancellor announced a review of the deduction for tax of travel and subsistence for employees working at temporary workplaces. If the Chancellor had gone ahead and stopped this expense being deductible for tax...
by ClearwaysAccountants | Nov 17, 2015 | Contractor, Freelancer, Self Employment, Small business advice
Join the campaign Thousands of small and medium-sized enterprises (SMEs) in the UK, currently more than 35,000, are joining the campaign against recent changes to the taxation of UK dividends, which come into effect next April. Serena Humphrey, a Nottingham based...