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 | Jan 19, 2016 | Contractor, Self Employment, Tax Tips
Contractors in the film and TV industry work in all areas, as sound and visual engineers and other on-set services… If you are a Contractor in the film and TV business you may be better off working through your own Limited company rather than working through...
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 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...
by ClearwaysAccountants | Oct 14, 2015 | Contractor, Freelancer, Personal tax, Self Employment, Small business advice
Could court fees stop you receiving tax justice? Any taxpayer who disputes a ruling from HMRC can appeal the decision to a tribunal. The tribunal system is independent of HMRC and both HMRC and the taxpayer have argued and won cases at the tribunal. The...