by ClearwaysAccountants | Jan 2, 2013 | Business tax, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
All your information has been collected so lets get online! At this point you should be registered with HMRC and have received your online login ID and password. You have gathered together your income and allowable expenses – steps 1, 2 and 3 of this blog...
by ClearwaysAccountants | Dec 24, 2012 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax planning, Tax Tips
Reducing your tax payment Once you have included all your income on your tax return you can turn to the payments that you have made that can be deducted against tax. Pension payments Payments made by you personally to your pension plan is deductible against tax. The...
by ClearwaysAccountants | Dec 17, 2012 | Business tax, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax planning, Tax Tips
You still have time to complete your self assessment tax return by the 31 January 2013 but there is work to be done! You will need to declare all your income on your tax return. Here is a list of the most common sources of income: Self-employed profits You will need...
by ClearwaysAccountants | Dec 11, 2012 | Business tax, Contractor, Freelancer, Personal tax, Self Employment, Small business advice, Tax Tips
Is your panic rising with the 31st January filing deadline rapidly approaching ? Well the first piece of advice is “Don’t panic”! This is the first in a series of blogs that will help you complete your self assessment tax return by the 31 January. Do...
by ClearwaysAccountants | Nov 21, 2012 | Contractor, Freelancer, Self Employment, Small business advice
Last year HMRC began testing a new compliance procedure – Business Records Checks (BRCs). The aim was to visit smaller businesses and identify those that are not keeping adequate records. The professional bodies, including ICAEW, had serious concerns about the...
