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 | Jul 11, 2012 | Pay, Expenses & Benefits, Personal tax, Tax Tips
Few measures in the Budget 2012 caused such controversy as the high income child benefit charge (“HICBC”). Unusually there was no consultation on the legislation and as a result the draft legislation will be difficult to administer. The rules: A person...
by ClearwaysAccountants | May 16, 2012 | Business tax, Contractor, Pay, Expenses & Benefits, Tax Calculators
The budget included proposals on company cars for the next few years, up until April 2017. This information has been input into our Car calculator 2012-13 spreadsheet. This spreadsheet calculates the tax effect of a director and owner of a Limited company purchasing...
by ClearwaysAccountants | Apr 23, 2012 | Business tax, Contractor, Pay, Expenses & Benefits, Small business advice, Tax Tips
93% of companies would fail an employee mileage claim audit by HMRC based on figures by TMC, a consultancy firm, could you be the next? Conventional excel spreadsheets and lack of time mean that employee mileage claims are not checked and therefore these expenses are...
by ClearwaysAccountants | Feb 1, 2012 | Business tax, Pay, Expenses & Benefits, Tax Tips
A selection of tables on: expenses that are most commonly deducted in calculating company or self-employment profits for tax; and deductible property expenses. Expense Company self-employed wages and salaries of staff you employ Y Y wages of yourself (you are...
by ClearwaysAccountants | Dec 15, 2011 | Business tax, Pay, Expenses & Benefits, Tax Tips
Did you realise you can pay up to £55 per week in childcare vouchers to employees and not pay any national insurance or income tax but you can claim a business tax deduction? If you are maximising efficiency when you extract funds from your own company and therefore...
