by ClearwaysAccountants | Apr 15, 2013 | Business tax, Contractor, Freelancer, Small business advice
RTI easement – what a relief! HMRC have seen sense and given small businesses an easy introduction to Real Time Reporting (RTI). If you have fewer than 50 employees you can file your information with HMRC when you complete your normal payroll run but no later...
by ClearwaysAccountants | Apr 10, 2013 | Self Employment, Small business advice
Guest blog by Sarah Orchard, Orchard Marketing Associates I’ve been self employed since 2006 and have been completing self assessment tax returns for 10 years prior to that whilst in employment, so I guess I’m not new to business record keeping and tax return matters....
by ClearwaysAccountants | Apr 3, 2013 | Business tax, Self Employment, Small business advice, Tax Tips
From April 2013 a new system of reporting payroll data to HMRC will come into force. What is Real Time Reporting? If you run a payroll, either as an employee of your own small limited company or as a self-employed trader with staff then Real Time Reporting (RTI) will...
by ClearwaysAccountants | Mar 7, 2013 | Contractor, Freelancer, Pay, Expenses & Benefits, Personal tax, Self Employment, Small business advice
Cars provided by employers to their employees are taxable benefits-in-kind. This is true whether you are an employee of a FTSE100 company or a director/employee of your own single person limited company. A reminder – how is the company car benefit calculated?...
by ClearwaysAccountants | Mar 1, 2013 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax Tips, VAT
The Flat Rate Scheme was developed to make VAT administration easier and can also save your business money especially if you are trading as a contractor or freelancer. Most contractors will pay 14.5% of their VAT inclusive turnover to HMRC with a special rate of 13.5%...
by ClearwaysAccountants | Feb 23, 2013 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
What are dividends? Dividends are another way of taking money out of your company (the other ways you can take money out of the company are: salary, reimbursement of expenses and a company loan). Who can receive a dividend? Dividends are paid to the owners of the...
