by ClearwaysAccountants | Mar 7, 2018 | Landlords, Pay, Expenses & Benefits, Tax planning, Tax Tips
Taxation of rental property income From 6 April 2017 mortgage interest is no longer fully deductible as an expense against property income. Gradually over the next four years the amount of interest deducted against income is reducing and instead relief is obtained at...
by ClearwaysAccountants | Sep 20, 2017 | Contractor, Pension planning, Tax planning
If you work through your own limited company, you can claim tax relief through pension contributions and build your own personal pension. There are two ways of making contributions to your pension fund: personal and company pension contributions. Personal pension...
by ClearwaysAccountants | Jun 14, 2017 | Contractor, Personal tax, Small business advice, Tax planning, Tax Tips
Tax planning with interest income The taxation of interest income is getting very complicated with both a Savings Starting Rate Band (“SSRB”) and a Personal Savings Allowance but this complication also bring opportunities. So how is interest taxed at the...
by ClearwaysAccountants | Sep 7, 2016 | Contractor, Pay, Expenses & Benefits, Tax planning
Contractor Loan Schemes and HMRC HMRC have featured contractor loan schemes in their Spotlights series. “Spotlights” are the schemes that HMRC have looked at and determined that (a) they don’t like them; and (b) they don’t work. As a result...
by ClearwaysAccountants | Jul 20, 2016 | Client case studies, Self Employment, Small business advice, Tax planning, VAT
Kemp Marketing Limited have been a client of Clearways Accountants for a few years now. Kemp Marketing, through their director/shareholder provide marketing strategy and assistance to smaller sized business who are not large enough to have an internal resource but...
by ClearwaysAccountants | Apr 26, 2016 | Tax planning
I think the answer is yes! If I lived in Russia, China, Syria or even Greece I would think very carefully about putting my assets offshore i.e. not in my country of residence. I would be concerned that the government (or lack of government) would commandeer my assets....
