by ClearwaysAccountants | Feb 23, 2016 | Contractor, Freelancer, Pay, Expenses & Benefits, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
The new dividend tax rules will come into force on 6th April 2016, so you need to think about planning your current year dividends now, if you haven’t already decided on a strategy. What are the new dividend tax rules? The notional tax credit that has been...
by ClearwaysAccountants | Feb 16, 2016 | Business tax, Personal tax, Tax planning
How can Google pay such a small amount of tax? Google have been hitting the headlines for all the wrong reasons over the last few weeks. The question is, “How can such a large organisation pay so little tax in the UK?” PAYE and National Insurance Remember...
by ClearwaysAccountants | Jul 10, 2015 | Budgets and Autumn statements, Tax planning
Rent-a-room relief The summer budget of 2015 has increased the rent-a-room relief from £4,250 (which has been unchanged for 18 years) to £7,500 making renting part of your private residence much more attractive. This would equate to a £625 monthly room rate. This...
by ClearwaysAccountants | Mar 20, 2015 | Business tax, Contractor, Freelancer, Pension planning, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
The income tax 2014-15 year end is fast approaching. Make sure you make all the claims and elections you are entitled to before it is too late. Personal tax The final date for 2010/11 claims that that have a four year time limit. These include claims for: personal...
by ClearwaysAccountants | Dec 17, 2014 | Budgets and Autumn statements, Business tax, Capital taxes, Freelancer, Self Employment, Small business advice, Tax planning
Changes on the rules when you transfer your freelance business to a company To date, a freelancer carrying out a trade could transfer his or her business to a Limited company. The business built up over the previous few years could be valued, not only are the...
by ClearwaysAccountants | Sep 28, 2014 | Business tax, Contractor, Small business advice, Tax planning, Tax Tips
Can your spouse work for your contractor Limited Company? In short, Yes! Your spouse can receive a salary for the administration work they do for your contractor Limited Company. The work need not be difficult and your spouse does not need to be a full-time employee....
