by ClearwaysAccountants | Nov 14, 2013 | Contractor, Pay, Expenses & Benefits, Self Employment, Small business advice, Tax Tips
Well you can! You can pay up to £55 per week in childcare vouchers to employees (you) and not pay any national insurance or income tax but you can claim a business tax deduction. If you receive a salary of about £7,500 your salary will be taxable at the basic rate (or...
by ClearwaysAccountants | Oct 29, 2013 | Contractor, Self Employment, Tax Tips
Locum doctors and nurses If you are a locum doctor or nurse you may be better off working through your own Limited company rather than working on your agency’s books or joining an umbrella company. At Clearways Accountants we can tell you that working though...
by ClearwaysAccountants | Sep 12, 2013 | Personal tax, Tax Tips
At Clearways Accountants we are often asked by employed clients to check their PAYE Notice of Coding as they do not understand what it is telling them. Your PAYE Notice of Coding tells you your tax code. Your tax code tells you how much tax free income you will...
by ClearwaysAccountants | Jul 31, 2013 | Client case studies, Contractor, Small business advice, Tax Tips
Sarah had been made redundant and had decided to start contracting. The market for computer contractors was quite buoyant and she felt she could earn more on this basis with the experience she had gained at a large consultancy firm. While Sarah was waiting for her...
by ClearwaysAccountants | Jul 15, 2013 | Business tax, Client case studies, Contractor, Self Employment, Tax planning, Tax Tips
Gordon contacted Clearways Accountants when he realised that he should no longer trade as a self-employed IT provider. His company had already been formed and he was happy to do the bookkeeping, complete the VAT Returns and run his payroll himself. Initially Gordon...
by ClearwaysAccountants | Jun 25, 2013 | Business tax, Contractor, Freelancer, Self Employment, Tax Tips
What is the 24 month rule? The 24 month rule states that the cost of travel from your home (being your permanent place of residence) to your contract client address (your temporary workplace) is only allowable as a tax deductible expense for as long as you believe...
