The CleverHub
A central source of accountancy related news, arcticles and reviews
Our latest blog
Coworking spaces in Leeds for freelancers and entrepreneurs
With an increasing demand for creative and digital talent, Leeds freelancing community has grown by leaps and bounds and along with it, the co-working culture of the north.
Here is our guide to some of Leeds best Freelance and coworking hubs.
Featured reads
IR35
Find out what changes are coming, how this could affect you and what we can do to help.
COVID-19
Information for contractors, freelancers and limited company on what help is out there
Health and medical expenses for limited companies
Looking after the health of your employees (and yourself) will always be high on your priority list if you run a limited company. Here, contracting industry veteran, James Leckie, looks at the typical health and medical expenses you may encounter as a company owner.
Corporation Tax Reliefs – How to reduce your tax bill?
Corporation Tax is a good example of a tax liability that can be significantly reduced if done right.
By aligning your company’s annual profit against its annual costs, you may be able to lower your tax bill quite substantially.
UK Budget 2021 – Summary and Reactions
Last week, the Chancellor, Rishi Sunak has set out the Government’s economic plan for 2021. With the Spring Statement, he presented a long list of measures implemented by the treasury to both support businesses in the private sector, along with taking the first steps towards fiscal recovery from the Coronavirus financial strain the UK economy has been experiencing since March 2020.
Free bank feeds with Open Banking
We’re always looking at ways to help make our clients’ lives easier. Therefore, we are pleased to announce that we now offer bank feeds via Open Banking and, what’s more, making it free of charge for our clients. This means you can now have safe and secure automated bank feeds that integrate directly into our accounting app.
How to ensure you’ve had a fair Status Determination Statement (SDS)?
With IR35 reforms fast approaching, end hirers and recruitment agencies will now begin conducting Status Determination Statements on their contractors.
As you’ll no longer be responsible for your employment status determination, you need to make sure your end hirers are conducting your role assessment fairly.
The results of your SDS can have a huge impact on how you work and what would be your take-home pay.
Deferral of your Self-Assessment Tax Liability and arranging a payment plan.
If you are unable to make payment of your Self-Assessment Tax Liability, you may be able to apply for a payment plan. HMRC have created and launched an instalment mechanism that you can access directly from your HMRC account. Here is the complete guide.
Who’s Responsible for your IR35 status?
IR35 reforms are due to be implemented on April 2021. They will mean that the responsibility for determining your employment status will move from you (the contractor) to your end hirer, or agency. It’s important you understand how this may impact you and the criteria you will be assessed against so you can get prepared and remain compliant.
Here are some common misconceptions you should be aware of.
New lockdown support measures for UK businesses
Rishi Sunak has announced this week that £4.6 billion new lockdown grants will be available for businesses in the retail, hospitality leisure sectors. Per the Chancellor announcement, these businesses will receive a one-off COVID-19 grant of £9,000.
What makes a contract outside or Inside IR35?
The IR35 rules can be confusing so it’s no surprise that myths and misunderstandings arise from time-to-time. Here are some of the common areas of confusion for contractors.
Need an accountant?
Clever Accounts offers fixed-fee online accountancy support for contractors, freelancers and limited companies.
Dedicated accountants, online accounting software and 15 years expertise in the market makes us the perfect choice.