by ClearwaysAccountants | Dec 5, 2012 | Budgets and Autumn statements, Contractor, Freelancer, Personal tax, Self Employment, Small business advice
The small business guide to what is new and what is changing from the Chancellor’s Autumn Statement 2012 Personal allowances and tax thresholds For the tax year 2013-14 the Personal Allowance will increase to £9,440 and the basic rate limit will be set at...
by ClearwaysAccountants | Nov 9, 2012 | Freelancer, Personal tax, Self Employment, Setting up a Business, Small business advice, Tax planning, Tax Tips
It can seem daunting when you decide to set-up business on your own and you change from being a permanent employee to a freelancer… All the tasks that were completed by the HR department are now left to you, so here are some simple ideas to get you started....
by ClearwaysAccountants | Aug 28, 2012 | Pension planning, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
Are you currently saving for a pension? I know it’s not the most exciting of topics but the reality is that when you stop work and retire, you will no longer have your regular pay slip to rely on. So an adequate pension provision is vital if you have plans for...
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 | Mar 21, 2012 | Budgets and Autumn statements, Business tax, Personal tax
Was this a budget for small businesses? The budget did a lot of tinkering at the edges but with the country’s finances still in such a bad state the Chancellor had very little space to manoeuvre in. Overall the budget is probably neutral for small businesses, the tax...
by ClearwaysAccountants | Mar 13, 2012 | Personal tax, Tax Tips
Year-end tax planning is important especially if you run your own business or you are a top rate tax payer. Here are our simple year-end tax planning tips for personal tax. Year-end tax planning tip 1 : Personal tax allowance The personal allowance for the 2011-12 tax...
