by ClearwaysAccountants | Mar 7, 2013 | Contractor, Freelancer, Pay, Expenses & Benefits, Personal tax, Self Employment, Small business advice
Cars provided by employers to their employees are taxable benefits-in-kind. This is true whether you are an employee of a FTSE100 company or a director/employee of your own single person limited company. A reminder – how is the company car benefit calculated?...
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 13, 2013 | Contractor, Personal tax, Small business advice, Tax Tips
Details of your new tax code During January, February and March this year, HM Revenue & Customs (HMRC) will be sending out new tax codes for 2013-14. You should never ignore post from HMRC and it is in your interest to check your new tax code. Your new tax code...
by ClearwaysAccountants | Jan 24, 2013 | Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax Tips
Don’t forget your income tax is due by 31 January 2013! This is regardless of whether you send your tax return in on paper before 31 October 2012 or whether you have (or will) submit your tax return electronicaly by 31 January 2013. Even if you fail to send...
by ClearwaysAccountants | Jan 18, 2013 | Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax Tips
You have no option now but there are still 10 advantages of submitting your Self Assessment tax return online… The three main advantages are: 1. You don’t have to calculate your tax, the online system does all the maths for you. So you know you are correct...
