by ClearwaysAccountants | May 22, 2019 | Contractor, Pay, Expenses & Benefits
Directors and employees that travel extensively overseas should be used to using the standard subsistence rates as set out by HMRC. There rates can be paid to directors and employees with no benefit in kind and no reporting in the P11D; making paperwork much simpler....
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 | Mar 7, 2018 | Landlords, Pay, Expenses & Benefits, Tax planning, Tax Tips
Taxation of rental property income From 6 April 2017 mortgage interest is no longer fully deductible as an expense against property income. Gradually over the next four years the amount of interest deducted against income is reducing and instead relief is obtained at...
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...
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 | 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...
