The CleverHub
A central source of accountancy related news, arcticles and reviews
Our latest blog
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.
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
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.
IR35 changes and the FLEX Umbrella solution
From April 2021, the proposed changes to IR35 legislation could mean you are affected if you are working through an agency or directly with an end-client. Delayed from April 2020, due to Coronavirus, it looks likely that the Government will press ahead with enforcing the changes without any further delays.
COVID-19 support for employers – The Coronavirus Job Retention Scheme (CJRS) extended
Due to the current change in circumstances and the second lockdown declared on the 31st October, the Furlough Scheme will now be extended for the duration of the lockdown period, while the Job Support Scheme will be postponed. These are the essentials employers need to know.
What is the Job Support Scheme (JSS) and how employers can apply?
On the 24th September, Rishi Sunak published the government’s winter economy plan. In it, the Chancellor introduced the new Job Support Scheme (JSS) which will replace the current Job Retention Scheme (CJRS); aka the Furlough Scheme, from the 1st November 2020. The new Job Support Scheme is planned to run for six months, until the 30th April 2021.
How to Write a Business Plan? The essential elements you can’t go without
To make sure that your business is heading in the right direction, its important you lay out a business plan so that you can focus on your targets, ensuring every new assignment you undertake is moving you closer to your goals.
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.