by ClearwaysAccountants | Nov 25, 2015 | Budgets and Autumn statements, Capital taxes, Landlords, Tax Tips
The Chancellor is hitting buy-to-lets and those who are thinking of purchasing a buy-to-let hard… In the Summer Budget he announced reductions in the amount of mortgage interest payments that can be deducted against your rental income. This plan remains...
by ClearwaysAccountants | Oct 20, 2015 | Pension planning, Tax Tips
Beware if anyone approaches you offering to help you release the cash in your pension! Intelligence gleaned from interviews with fraudsters, currently serving time, show that they are rubbing their hands in glee at the opportunities the new pension freedoms provide...
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 | Mar 12, 2015 | Business tax, Pay, Expenses & Benefits, Small business advice, Tax Tips
HMRC is clamping down on taxpayers it suspects are dishonestly claiming horseboxes, some worth hundreds of thousands of pounds, as company expenses. Lorries can escape the benefit-in-kind legislation as being neither a van nor a car and therefore the vehicle can be...
by ClearwaysAccountants | Dec 27, 2014 | Budgets and Autumn statements, Contractor, Self Employment, Tax Tips
Are you affected by the changes for employees of umbrella companies? Employees are not generally able to offset the costs of travelling between their homes and their workplaces, even where the employees are working on short term contracts for a number of different...
by ClearwaysAccountants | Dec 7, 2014 | Contractor, Freelancer, Self Employment, Tax Tips
Nurses – should your extra days be worked through your own limited company? At Clearways Accountants we have been contacted by a nurse working through an agency for one or two days a week (five days a month) asking whether he should work through a limited...