by ClearwaysAccountants | Apr 23, 2012 | Business tax, Contractor, Pay, Expenses & Benefits, Small business advice, Tax Tips
93% of companies would fail an employee mileage claim audit by HMRC based on figures by TMC, a consultancy firm, could you be the next? Conventional excel spreadsheets and lack of time mean that employee mileage claims are not checked and therefore these expenses are...
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 | Feb 1, 2012 | Business tax, Small business advice
Tax Sole traders/partnerships Companies Income tax Yes No Corporation tax No Yes National Insurance Class 1 (employees) No No Class 1 (employers) Yes Yes Class 2 Yes No Class 3 Yes No Class 4 Yes No VAT Yes Yes Rates Yes Yes Council...
