by ClearwaysAccountants | May 31, 2017 | Contractor, Small business advice
Personal tax is now too complicated for HMRC technicians! HMRC have admitted that the new dividend allowance and the dividend tax makes the personal tax calculation too complicated for the HMRC software programmers to write. But you cannot rely on other software...
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 | Aug 12, 2013 | A-Z of tax and accounting terms, Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice
H.M. Revenue & Customs, Household Expenses and High Income Child Benefit Charge H. M. Revenue & Customs HMRC is the tax raising and collection organisation of the UK. All tax returns are submitted to HMRC and some will be selected for review each year. In...
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...
by ClearwaysAccountants | Jun 17, 2013 | Business tax, Contractor, Freelancer, IR35
What are the changes to IR35 legislation for directors and office holders from 6 April 2013? An office holder in company law means either a director or company secretary. Under tax legislation earnings from an office are taxed as employment income and are generally...
