by ClearwaysAccountants | Jan 22, 2015 | Business tax, Contractor, Personal tax, Self Employment, Small business advice, Tax Calculators
Attached is a spreadsheet that compares your tax home cash for your income as an employee and as a contractor working through your own Limited company. The first sheet is a summary but you must enter data onto the second and third sheets. The second sheet calculates...
by ClearwaysAccountants | Dec 27, 2014 | Budgets and Autumn statements, Contractor, Self Employment, Tax Tips
Are you affected by the changes for employees of umbrella companies? Employees are not generally able to offset the costs of travelling between their homes and their workplaces, even where the employees are working on short term contracts for a number of different...
by ClearwaysAccountants | Dec 17, 2014 | Budgets and Autumn statements, Business tax, Capital taxes, Freelancer, Self Employment, Small business advice, Tax planning
Changes on the rules when you transfer your freelance business to a company To date, a freelancer carrying out a trade could transfer his or her business to a Limited company. The business built up over the previous few years could be valued, not only are the...
by ClearwaysAccountants | Dec 7, 2014 | Contractor, Freelancer, Self Employment, Tax Tips
Nurses – should your extra days be worked through your own limited company? At Clearways Accountants we have been contacted by a nurse working through an agency for one or two days a week (five days a month) asking whether he should work through a limited...
by ClearwaysAccountants | Nov 23, 2014 | Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice, Tax Tips
When a company incurs entertaining expenditure – what are the tax rules? Most people understand that client and customer entertaining is not allowed as a business deduction, but what about related expenditure such as travel, and what about staff entertaining?...
by ClearwaysAccountants | Oct 28, 2014 | Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
Can you hold a Christmas party (or any other party for that matter!) as a single person Limited company? You can have as many parties as you like PROVIDING the cost of the events do not add up to more than £150. This means you could have a number of big lunches, as...
