Tag Archives: Clear House Accountants

Educational VAT


How VAT Works On Education?

A complete guide to how VAT works on education Overview: VAT can get complicated and needs to be treated in different ways depending on the industry and the specific regulations around it. In this guide, we look at VAT in the education industry, its treatment and the specific criteria around it VAT in the Education Industry […]
October 3, 2019 189 Reads share
Contractors Prepare For Brexit


Contractors Prepare For Brexit

If you are a contractor read the article to see if you are prepared for Brexit The United Kingdom initially intended to leave the European Union on the 29th of March 2019, but the EU summit gave a decision in favor of the request made by the British government, because of which Brexit was delayed […]
September 26, 2019 155 Reads share
Tips Guide Food Industry Employers

A Guide To Tips For Employers In The Food & Catering Industry

Understanding the tipping industry and how it’s taxed Tips whichever way they are given are also taxed. But how they get taxed, whether subject to National Insurance or not, depends mainly on how they are earned. What are the possible ways in which tips are received and can be taxed and reported on? Through mandatory […]
September 16, 2019 271 Reads share
Simple Expenses If You Are Self-Employed

Simple Expenses If You Are Self-Employed

How do simple expenses work for self-employed individuals The Simplified expense system has been set up by HMRC to help busy self-employed individuals or business owners to reduce the inconvenience of time-consuming record keeping and data entry for their accounting and tax matters. Keeping up with all the bookkeeping obligations can become very arduous, especially for self-employed […]
September 11, 2019 190 Reads share
Home Loan Tax Avoidance

Home Loan Tax Avoidance Scheme

What is a home loan tax avoidance scheme and what to do if you have used it Loan schemes have been named as ‘disguised remuneration’ schemes by HM revenue & customs. HMRC claims that these schemes are generally used by individuals to dodge liable taxes and National Insurance Contributions (NIC). HMRC has never really approved […]
September 9, 2019 246 Reads share
Employment Intermediary Rules


The Workings Of Employment Intermediary Rules

Are you impacted by the employment intermediary rules and what to do if you are? The legislation covering the employment intermediary rules was introduced to track and clamp down on the employees that slip through the tax net by disguising themselves as self-employed when they are actually providing services to the firm. The rules were […]
September 6, 2019 178 Reads share
Bookkeeping Terminology Explained


Key Bookkeeping Terminology Explained

A guide about various terms used in bookkeeping or that relate to bookkeeping Hiring an accountant or a bookkeeper can be a very costly option for a startup owner in the initial phases of their business, it is therefore extremely valuable for a business owner to understand the key terms of bookkeeping in order to initially manage their books […]
September 2, 2019 196 Reads share
Section 20 What Are They


Section 20’s – What Are They?

A guide about Section 20’s What do you need to know about section 20 of the Landlord and Tenant Act (1985)? When major works on a building are carried out and the cost per leaseholder exceeds £ 250 the leaseholder has certain rights that have to be followed in order for the cost to be […]
August 30, 2019 162 Reads share
Proposed Changes 2020 Finance Bill

Changes Proposed For The 2020 Finance Bill – Are You Prepared?

Potential tax changes proposed for the 2020 finance bill and their impact on you or your business The Government of UK is working on a number of proposed changes that might come into effect from either the 1st or the 6th of April 2020, however, there is a good chance that the commencement date of […]
August 27, 2019 322 Reads share
Contractor vs Freelancer

Difference Between A Contractor And A Freelancer

Contractors and freelancers, the terms are often mistakenly used interchangeably and may sound similar to the general public, but the mechanism through which both of these offer their services is quite different. The legislation does not specifically differentiate between them in terms of taxation, but the need for understanding the differences between the two is […]
August 21, 2019 208 Reads share