by ClearwaysAccountants | Aug 8, 2018 | Contractor, IR35
An IT contractor was working for the Department of Work and Pensions (DWP) on the rollout of universal credit. Ian Wells was a business analyst with the contract between his company, Jensal Software Ltd, and the DWP running from May 2012 to April 2013. HMRC assessed...
by ClearwaysAccountants | Apr 4, 2018 | Contractor, IR35
The BBC should have reviewed contracts under IR35 As reader of this blog will know, the Government did not change the rules on IR35 in April 2017 but did change who has to make the assessment. All public sector bodies were included in this new measure,...
by ClearwaysAccountants | Mar 1, 2013 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax Tips, VAT
The Flat Rate Scheme was developed to make VAT administration easier and can also save your business money especially if you are trading as a contractor or freelancer. Most contractors will pay 14.5% of their VAT inclusive turnover to HMRC with a special rate of 13.5%...
by ClearwaysAccountants | Feb 23, 2013 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
What are dividends? Dividends are another way of taking money out of your company (the other ways you can take money out of the company are: salary, reimbursement of expenses and a company loan). Who can receive a dividend? Dividends are paid to the owners of the...
by ClearwaysAccountants | Jan 31, 2013 | Contractor, IR35, Self Employment, Small business advice, Tax planning
Contractors working through their own company for clients either directly or indirectly may be caught by the intermediaries legislation, known in the press as IR35. The effect of working through your own company The IR35 legislation was written in an attempt to stop...
