by ClearwaysAccountants | Sep 21, 2016 | Business tax, Contractor, Pay, Expenses & Benefits, Personal tax, Tax Tips
When is dividend tax payable? All contractors should now be aware of the tax that will be payable on dividends. The new tax regime commenced on 6 April 2016 and dividends falling outside the dividend allowance will now be taxed at 7.5%, 32.5% and 38.1% depending on...
by ClearwaysAccountants | Aug 3, 2016 | Contractor, Pay, Expenses & Benefits, Small business advice, Tax Tips
Did you know you might qualify for £500 of medical help? If you are off work with medical problems your employer may be able to pay £500 tax-free and NIC free to the employee to pay for help in getting back to work. This applies to contractor companies as well as...
by ClearwaysAccountants | May 25, 2016 | Contractor, Freelancer, Pay, Expenses & Benefits, Personal tax, Self Employment, Tax Tips
Many people working in the TV and radio sector work as self-employed, employed but more often now as contractors through their own Limited company. Lorimer Letters TV or radio workers can find work as a mix of self-employed and employment. In the main HMRC will...
by ClearwaysAccountants | Apr 13, 2016 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
Should you take the plunge and become a Limited company, or just stick with self-employment? If you are freelancing and you are going to work for a number of clients, like the business that helps me with my marketing (see the link to a recent guest blog by Orchard...
by ClearwaysAccountants | Apr 1, 2016 | Tax Calculators, Tax Tips
See how much tax you will pay for 2015-16… We have updated our free tax calculator so you can see how much tax you will pay as a sole trader (self-employed) or by working through your own Limited company. It is also clear how much tax you can save by operating...
by ClearwaysAccountants | Apr 1, 2016 | Tax Calculators, Tax Tips
New dividend rules – new income calculator! The new personal savings allowance and the new dividend allowance have changed the way your Income Tax will be calculated. The tax you pay will depend on the mix of income you receive. Our new self-assessment...
