by ClearwaysAccountants | Jun 8, 2016 | Personal tax
Who pays Income Tax? We all pay Income Tax on our earnings and investment income. If you read the press you would think that the top earners get away with not paying their share. According to the statistics, this is not true. The top 1% of earners pay 27.5% of all...
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 13, 2013 | A-Z of tax and accounting terms, Contractor, Freelancer, Self Employment, Small business advice
Income, Income Tax and IR35 Income Income includes all your employment earnings, dividend, interest, property rental and business profits. All of this income is subject to tax if you are resident in the UK. Different rules will apply if you are not resident in the...
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...
