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Making Tax Digital for VAT – Are you ready for April 2019?

Making tax digital

Making Tax Digital (MTD) for VAT is the Government’s first phase in what they believe is making tax administration more effective, efficient and easier for taxpayers. The Government has said that one of the main reasons behind the MTD scheme is to help businesses “get their tax right”. Will it affect me? If you are …read more

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The population of registered companies in the UK – 2017/18

Last June, Companies House has released its annual companies register activities’ report for 2017/18. The official document includes some interesting figures about the current population of registered companies in the UK. Not surprisingly, it presents a mix of trends both affected by the economical spike we’ve experienced since 2010 and the ecopolitical turbulences we’ve seen …read more

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Retirement planning as a contractor

Let’s face it, retirement planning isn’t the sexiest subject in the world and for a lot of people, it’s perceived as something that isn’t a priority in their life right now. However, pension planning is a fantastic way of saving tax whilst helping you invest into your future. Tax Efficient! If you have surplus cash …read more

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13 Top Tax Tips

Top tax tips

A limited company structure is usually the best way to legitimately and compliantly minimise your tax bill. This is because you can take remuneration through an efficient mix of salary and dividends and claim a wide range of legitimate business expenses. Here are some top tips that could help you save tax either through your …read more

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CIS – Gross Payment Status Update

Gross Payment Status

The Construction Industry Scheme (CIS) requires contractors to deduct tax at source on payments made to a subcontractor. However, the subcontractor can register with HMRC for gross payment status to stop the tax at source deduction. This makes a subcontractor with the gross payment status more attractive to contractors to deal with, as well as …read more

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Why do you need insurance?

Professional Insurance

Insurance is a necessity of everyday life, be it be house, car, life or even mobile phone cover.  In business, this is no exception but it is often overlooked as an essential service for every company offering services.  Although not a legal requirement, there are compelling reasons as to why you should take out insurance …read more

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Closing Your Company

How to close your limited company

Everything must come to an end eventually, even a limited company.  Whether you have accepted employment or your contract has simply finished, it’s likely you will need to consider your options regarding your unwanted company. Do you actually no longer need your company? It’s a common trend that, just because your company is unwanted, you …read more

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Student Loans repayment – ways to repay

Student Loans

Getting a student loan, for most, is an essential part of getting through university.  Whether for course fees, accommodation or simply entertaining, it can be an expensive business studying.  Furthermore, the thought of actually paying back the loan is something that usually is less of a consideration. However, once graduated and you start earning above …read more

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What is GDPR (General Data Protection Regulation)?

What is GDPR?

What is it? The General Data Protection Regulations 2018 (“GDPR”) is EU legislation set to apply in the UK from 25th May 2018.  It replaces the current Data Protection Act (“DPA”) and is designed to unify the regulation of personal data across Europe. The government has confirmed that Brexit will have no impact on its …read more

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How to get a mortgage as a contractor?

Contracting can be a great idea; you can choose when and where you work, enjoy a flexible lifestyle and can switch between contracts to suit your needs. However, when it comes to getting a mortgage, the very idea of flexibility and potential lack of structure will mean many mortgage companies won’t even entertain you, irrespective …read more

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How to chase unpaid invoices

How to get paid!

A healthy cash flow is essential for a business to survive.  Failing to get paid quickly and regularly for work done for a customer can result in serious cash flow issues and ultimately will affect your long term prospects. Following on from our credit control basics guide earlier in the month, here are some handy …read more

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How to make your social media profile “work” for your business?

Last week, I watched a great a Facebook video by Guy Kawasaki. In it he says: “ Your (social media) profile is a window to your soul ”. Meaning, the way we post, share and react on social media, hints on our opinions, way of living and professional status. Our social profiles project inwards and …read more

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Business expenses – what can be claimed

What expenses can be claimed?

The question most often asked by clients is “what expenses can I claim?”.  However, the response isn’t as simple as you would imagine. What business expenses are allowable? – the golden rule All trading expenses must have been incurred “wholly and exclusively” for the purpose of the business. This means that costs must be incurred …read more

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A guide to credit control: the basics

Credit control process

Credit control shouldn’t just be restricted to bigger businesses.  In fact, the process of agreeing, monitoring and collecting money should be part of day to day life of every business. Working for yourself brings many challenges, struggles and time is ever scarce.  However, keeping an eye on your finances, especially cash flow can make or …read more

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What happens once you’ve signed up?

What happens after signing up with Clever Accounts

When you sign up with Clever Accounts, one of our accountants will be in contact with you. Our aim is to ensure that the process is straight forward and to make you comfortable with how you are going to run your business. The key topics we aid with are: • Forming the Company • Registering …read more

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Fixed fee accounting from only £75 / month

We provide a high-quality, specialist and personal service to UK contractors and freelancers. We combine clear, expert advice and great customer service, seamlessly with the simplicity, control and peace of mind delivered by bespoke online software. A complete, specialist accounting and tax solution, with simple, modern communication tools and an all-inclusive fixed fee.

Relax knowing everything is taken care of, you're fully informed and you can concentrate on bringing in business and delivering for your clients.

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