by ClearwaysAccountants | Mar 28, 2017 | Contractor, Small business advice, VAT
Many contractors are VAT registered and have signed up to use the Flat Rate Scheme (FRS). It makes filing your VAT returns easier and with limited business costs, the business can make money on the scheme by paying less to HMRC than the business collects from its...
by ClearwaysAccountants | Nov 30, 2016 | Self Employment, Setting up a Business, Small business advice, VAT
A key accounting topic for small businesses that we get asked about very frequently is VAT! Particularly as a small business when to become VAT registered and the special schemes that are available. Value Added Tax (VAT) is paid by businesses, companies and...
by ClearwaysAccountants | Nov 23, 2016 | Budgets and Autumn statements
A new Chancellor but is there a new direction for tax? Chancellor Philip Hammond made his first speech as Chancellor today and Clearways Accountants were watching the TV to see if there were any significant changes in tax or National Insurance that our contractor and...
by ClearwaysAccountants | Jul 20, 2016 | Client case studies, Self Employment, Small business advice, Tax planning, VAT
Kemp Marketing Limited have been a client of Clearways Accountants for a few years now. Kemp Marketing, through their director/shareholder provide marketing strategy and assistance to smaller sized business who are not large enough to have an internal resource but...
by ClearwaysAccountants | Nov 27, 2015 | Contractor, Freelancer, Self Employment, Small business advice, Tax Tips, VAT
A common problem for small businesses… Late payments create cash flow problems for small businesses and this can lead to debts with HM Revenue & Customs. According to the latest figures, VAT arrears are currently £2.58 billion. Most companies pay VAT on the...
