The CleverHub
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What are the tax benefits of owning a property as an individual vs a limited company?
It’s no secret that owning a property for rental or development purposes can hold great financial benefits as an individual or a business owner.
If you consider becoming one, there are some tax-related circumstances it’s good to be aware of, whether you decide to own the property as an individual or through a limited company.
In this article, we’ll review the pros and cons of both structures and how each may affect your tax liabilities. You will quickly notice that it certainly isn’t a clear cut in regards to the most suitable ownership path to choose from.
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
Limited Company Formation Service for Sole Traders
We know that setting up your own company can be both nerve-wracking and exciting. There’s certainly a lot to think about regarding the services you wish to offer and the type of clients you hope to work for, let alone the admin and tax side of things.
Self-Assessment 2021 – Important Tax Rates and Deadlines Explained
With the deadline for submitting your Self-Assessment Tax Return just around the corner, it’s a good idea to start getting your finances in order so that you don’t have a last-minute panic.
It really doesn’t need to be this difficult, particularly if you keep your finances up-to-date throughout the year. Here we explain more about what’s involved.
When a problem solver with a vision seizes-the-day The story of Zinaide Carneiro
” My dream is to help solve the issue of commercial environmental impact on a national, if not, global scale. ” We talked to Zinaide about her decision to set up her own Limited Company during the pandemic and how she’s found the experience.
Exploring renewable growth – The story of Jason Pattison
Being self-employed isn’t for everyone, but it has been a great journey for Jason Pattison who started as a financial broker and continues to seek growth opportunities for his various businesses 20 years on.
Broadband, mobile and telephone expenses
Broadband, mobile and telephone costs are some of the most common expenses recorded by limited company owners. It would be impossible to run a business without these essential services.
Here, contracting expert, James Leckie, takes a closer look at how are these particular expenses treated for tax purposes.
Deciding to take the leap – The story of Stephen Young
As part of our commitment to the companies we support and the ambition to see these brands grow and succeed, we’ve launched a series of articles that tell the story of some of the businesses we work with and the talented professionals who run them.
The first article in the series recounts the five years journey of Stephen Young from full-time employment into launching his first management consultancy. It follows the professional steps Stephen took in order to confidently transition for the first time in his life, into self-employment.
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.
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.
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.