by ClearwaysAccountants | Mar 28, 2012 | Capital taxes, Tax Tips
Inheritance tax planning is usually something that we put off but if you die without a will the rules of intestacy will apply to your estate. Year-end tax planning tip 1 – make a will You can use the forms available from good stationers but if you have a...
by ClearwaysAccountants | Mar 26, 2012 | Capital taxes, Tax Tips
Not everyone thinks of capital tax planning but a little bit of tax planning can save you a lot of tax over the years. Capital tax planning is especially important if you are thinking of incorporating your business. Year-end tax planning tip 1 – annual exempt...
by ClearwaysAccountants | Mar 19, 2012 | Business tax, Tax Tips
Some year-end tax planning could save you a considerable amount of tax. Year-end tax planning tip 1 – Sole trader and partnership year end dates The choice of the accounting date affects the delay between earning the profits and paying the tax. If your profits...
by ClearwaysAccountants | Mar 13, 2012 | Personal tax, Tax Tips
Year-end tax planning is important especially if you run your own business or you are a top rate tax payer. Here are our simple year-end tax planning tips for personal tax. Year-end tax planning tip 1 : Personal tax allowance The personal allowance for the 2011-12 tax...
by ClearwaysAccountants | Feb 1, 2012 | Business tax, Pay, Expenses & Benefits, Tax Tips
A selection of tables on: expenses that are most commonly deducted in calculating company or self-employment profits for tax; and deductible property expenses. Expense Company self-employed wages and salaries of staff you employ Y Y wages of yourself (you are...
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...
