by ClearwaysAccountants | Nov 29, 2013 | Client case studies, Contractor, Freelancer, IR35, Small business advice, Tax Tips
A contractor based in Charlwood was an employee one day and almost the following day he had succeeded in obtaining a contract. A different organisation but all in website design and development. Stuart called Clearways Accountants on a Friday with just a week to form...
by ClearwaysAccountants | Aug 8, 2013 | A-Z of tax and accounting terms, Contractor, Freelancer, Self Employment, Small business advice
Flat Rate Scheme (VAT) and Fixed Assets Flat rate scheme The flat rate scheme is one of the simplification schemes offered by HM Revenue & Customs for VAT administration. The flat rate scheme uses a (flat) percentage multiplied the business sales (including VAT)...
by ClearwaysAccountants | Jul 31, 2013 | Client case studies, Contractor, Small business advice, Tax Tips
Sarah had been made redundant and had decided to start contracting. The market for computer contractors was quite buoyant and she felt she could earn more on this basis with the experience she had gained at a large consultancy firm. While Sarah was waiting for her...
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 | Nov 2, 2012 | Contractor, Self Employment, Setting up a Business, Tax planning, Tax Tips
This is a common contractor question and the answer is… “It depends”! Setting up your own limited company is easy, just an hour on the Companies House website will be enough, and within a couple of days your new company will be registered and ready...
