by ClearwaysAccountants | Sep 24, 2012 | Business tax, Self Employment, Small business advice
Sometimes it can seem confusing, should you trade in your own name as self-employed or should you incorporate a company. Here is a simple table to show you the differences: Limited company Self-employed Director’s salaries are paid under PAYE and depending on...
by ClearwaysAccountants | Sep 10, 2012 | Business tax, Contractor, Self Employment, Setting up a Business, Small business advice, Tax Tips
If you decide to set up in business on your own as a contractor or freelancer you have to choose between trading as a limited company (being incorporated) or being self-employed (a sole trader). If you started your business as self-employed and your business has grown...
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 | Aug 17, 2012 | Self Employment, Small business advice
Do you see things in black and white or in shades of grey? Many people see things in black and white; remember George Bush, “you’re either with us or against us”. When people are having an argument they see themselves as “right” and the...
by ClearwaysAccountants | Aug 8, 2012 | Self Employment, Small business advice, Tax Calculators, Tax Tips
[This information has been updated for the 2013-14 tax year] When you start self-employment, you do not get your first tax bill for a while, so you need to think about how much tax money you will need to set aside. The table below can help you to do this so you...
by ClearwaysAccountants | Jul 23, 2012 | Contractor, IR35, Self Employment, Small business advice
Here are some useful case studies from HMRC on how to apply their Business Entity Tests (BET) and IR35 to certain contracts… Case Study One – Emma Emma is a sole director, shareholder and worker of E Ltd. Emma contracts with an agency, which in turn...
