by ClearwaysAccountants | Mar 15, 2016 | Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice
Claiming meal allowances has been brought into the twenty-first century. As part of the tax simplification of employer benefits and expenses a new meal allowance will be introduced from 6 April 2016. The new system will replace the current system of entering the...
by ClearwaysAccountants | Aug 22, 2013 | A-Z of tax and accounting terms, Contractor, Freelancer, Self Employment, Small business advice
Payroll (PAYE), Profits and P11D Payroll (PAYE) If you trade through your own Limited company you will probably be an employee of your own company. Since 6 April 2013 payroll reporting to HMRC should be completed each month as part of the Real-Time Information...
by ClearwaysAccountants | May 5, 2013 | Business tax, Pay, Expenses & Benefits, Small business advice
If you pay benefits to your yourself as a director/employee of your own limited company or to employees you may need to complete a P11D at the end of the tax year. What is a ‘benefit’? Common benefits given to employees are medical cover, company cars and...
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?...
