by ClearwaysAccountants | Jan 2, 2013 | Business tax, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
All your information has been collected so lets get online! At this point you should be registered with HMRC and have received your online login ID and password. You have gathered together your income and allowable expenses – steps 1, 2 and 3 of this blog...
by ClearwaysAccountants | Dec 24, 2012 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax planning, Tax Tips
Reducing your tax payment Once you have included all your income on your tax return you can turn to the payments that you have made that can be deducted against tax. Pension payments Payments made by you personally to your pension plan is deductible against tax. The...
by ClearwaysAccountants | Dec 17, 2012 | Business tax, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
You still have time to complete your self assessment tax return by the 31 January 2013 but there is work to be done! You will need to declare all your income on your tax return. Here is a list of the most common sources of income: Self-employed profits You will need...
by ClearwaysAccountants | Nov 13, 2012 | Contractor, IR35, Self Employment, Setting up a Business, Tax planning
It can seem daunting when you make the change from being a permanent employee to a contractor… All the tasks that were completed by the HR Department are now left to you, so here are some simple ideas to get you started. Don’t worry! You may be new to...
by ClearwaysAccountants | Nov 9, 2012 | Freelancer, Personal tax, Self Employment, Setting up a Business, Small business advice, Tax planning, Tax Tips
It can seem daunting when you decide to set-up business on your own and you change from being a permanent employee to a freelancer… All the tasks that were completed by the HR department are now left to you, so here are some simple ideas to get you started....
by ClearwaysAccountants | Nov 2, 2012 | Contractor, Self Employment, Setting up a Business, Tax planning, Tax Tips
This is a common contractor question and the answer is… “It depends”! Setting up your own limited company is easy, just an hour on the Companies House website will be enough, and within a couple of days your new company will be registered and ready...
