by ClearwaysAccountants | May 31, 2013 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax planning, Tax Tips
The cost of buying a garden office and fitting it out is expensive and can be a major outlay for a smaller business. A garden office is treated for accounts and tax as a capital asset (and not as a business expense). Capital assets purchased for your business,...
by ClearwaysAccountants | May 28, 2013 | Business tax, Client case studies, Self Employment, Small business advice, Tax planning, Tax Tips
A number of people have asked how we help with a business start-up so I thought it would be best to illustrate with a client case study. Neill was interested in setting up his own business, he wanted to work for himself and he had seen a furniture range that he liked...
by ClearwaysAccountants | May 23, 2013 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
If your business has outgrown the spare room and you are looking to expand then one of your options is setting up an office in your garden. There will be another blog to follow this one, that will cover the business tax position. What about VAT? If your company or...
by ClearwaysAccountants | May 5, 2013 | Business tax, Pay, Expenses & Benefits, Small business advice
If you pay benefits to your yourself as a director/employee of your own limited company or to employees you may need to complete a P11D at the end of the tax year. What is a ‘benefit’? Common benefits given to employees are medical cover, company cars and...
by ClearwaysAccountants | Apr 25, 2013 | Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
Cash accounting for unincorporated businesses What does this mean? At present all accounts submitted to HMRC should be prepared under UK accounting standards even if you are self-employed. This means that your accountant will make changes to your basic figures to...
by ClearwaysAccountants | Apr 19, 2013 | Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
Do you dread keeping your business records? Nothing is set-in-stone so you can keep your business records in the way that suits you best. If you want to use an accounts book and hand write your accounts that is just fine. Spreadsheets and accounting systems make life...
