by ClearwaysAccountants | Jul 23, 2012 | Contractor, IR35, Self Employment, Small business advice
Here are some useful case studies from HMRC on how to apply their Business Entity Tests (BET) and IR35 to certain contracts… Case Study One – Emma Emma is a sole director, shareholder and worker of E Ltd. Emma contracts with an agency, which in turn...
by ClearwaysAccountants | Jun 6, 2012 | Business tax, Small business advice
Employing staff is a big step for any business. As an employer you are responsible for: ensuring all staff receive the national minimum wage. They key exceptions are family members living in the same household and directors with no employment contract; deducting...
by ClearwaysAccountants | May 3, 2012 | Business tax, Contractor, Small business advice, Tax Tips
New simple record keeping apps have been developed with help from HM Revenue and Customs. Per HMRC’s website…. To help small businesses with record keeping on the go commercial software companies have worked with HMRC to produce some simple record keeping...
by ClearwaysAccountants | Apr 23, 2012 | Business tax, Contractor, Pay, Expenses & Benefits, Small business advice, Tax Tips
93% of companies would fail an employee mileage claim audit by HMRC based on figures by TMC, a consultancy firm, could you be the next? Conventional excel spreadsheets and lack of time mean that employee mileage claims are not checked and therefore these expenses are...
by ClearwaysAccountants | Apr 11, 2012 | Business tax, Contractor, Setting up a Business, Small business advice, Tax Tips
What is your tax status? Employee or self-employed? This matters if you are a sole trader or if you operate through your own company. Freelancers or contractors working as self-employed sole traders can deduct business expenses from income; this reduces their tax...
by ClearwaysAccountants | Feb 1, 2012 | Business tax, Self Employment, Setting up a Business, Small business advice, Tax Tips
There are basically four ways to trade: as a sole trader; as a limited company; as a partnership (if you are setting up a business with at least one other person); or a limited liability partnership. The key characteristics are outlined below and on our calculators...
