by ClearwaysAccountants | Nov 25, 2013 | Contractor, Freelancer, Self Employment, Small business advice
You’ve read the overview and now you are ready to get on and start preparing your business plan. Step One Know yourself – Strengths, Weaknesses, Opportunities and Threats This is infamous but it boils down your situation into the nuts and bolts of your...
by ClearwaysAccountants | Nov 14, 2013 | Contractor, Pay, Expenses & Benefits, Self Employment, Small business advice, Tax Tips
Well you can! You can pay up to £55 per week in childcare vouchers to employees (you) and not pay any national insurance or income tax but you can claim a business tax deduction. If you receive a salary of about £7,500 your salary will be taxable at the basic rate (or...
by ClearwaysAccountants | Nov 8, 2013 | Self Employment, Small business advice
Creating your own business plan “With careful and detailed planning, one can win; with careless and less detailed planning, one cannot win. How much more certain is defeat if one does not plan at all! From the way planning is done beforehand, we can predict...
by ClearwaysAccountants | Nov 4, 2013 | Client case studies, Freelancer, Self Employment, Small business advice
At Clearways Accountants we were approached by a skilful amateur photographer who wanted to take the next step and make it his profession. He already had an excellent portfolio of pictures and had spent a lot of time in gathering the best images together. Adriaan...
by ClearwaysAccountants | Oct 3, 2013 | A-Z of tax and accounting terms, Contractor, Freelancer, Self Employment, Small business advice
(E)xempt Supplies, Year End, Zero Rated Supplies (E)xempt supplies Not really X! X is really tricky!!! See the A-Z blog: E is for… for information on exempt supplies. Year end This the end of the period for which your accountant will draw up your accounts and...
by ClearwaysAccountants | Sep 27, 2013 | A-Z of tax and accounting terms, Contractor, Freelancer, Self Employment, Small business advice
Wear and Rear Allowance and Wages Wear and tear allowance Income from furnished lettings is part of the taxpayer’s rental business. Generally the same rules apply as for other lettings. But where a taxpayer lets a residential property furnished, capital...
