If there’s one subject that causes particular consternation among the freelance clients of our accountants in Surrey here at Sherwin Currid (http://www.sherwincurrid.com), it is definitely the IR35 legislation. As we have explained elsewhere on the site, there’s no doubt about the intention of The Intermediaries legislation, but since its 2000 introduction, many freelancers and contractors [...]
Overdrawn Director Loan Accounts
If your director loan account becomes overdrawn and the amount exceeds £5,000 at any time during a tax year, a benefit in kind is likely to arise. Anytime your loan account exceeds £5,000 a benefit must be calculated and reported on Form P11D for the tax year in question. The benefit reflects that interest that [...]
Small change to IR35 rules
HMRC have made a small, but for some, significant change to the IR35 rules. IR35 has been a constant headache for Consultants IR35 has, for many years, been a headache for consultants and freelancers. The legislation attempts to eliminate tax and NIC avoidance through the use of intermediaries, these intermediaries are normally a limited company. [...]
Guildford Sole Trader
I thought that it might be interesting to write a few blogs about the types of businesses that we help in Guildford for their accounting and taxation requirements. We have no such thing as a typical client, but we do have typical client issues and for every client we offer a bespoke service, as little [...]
Unconventional freelancing advice could be the key to success
Although, here at Sherwin Currid (http://www.sherwincurrid.com), our accountants in Surrey would always advocate the most scrupulous and professional approach to both company operations and tax and accounting matters, there are still some areas where common advice can be safely ignored and an unconventional approach could hold some benefits. Many new freelancers, for example, are urged [...]
Going Underground
Work often takes me up to London, we have many clients who are consultants or contractors in London, business meetings or training courses and Bank station is an underground station which I often pass through, and if I am running early as a treat will often stop at the Green Man which is located in [...]
Why should you buy a franchise?
For many of the individuals and organisations that make use of our accountants in Surrey here at Sherwin Currid (http://www.sherwincurrid.com), it is very tempting to use the successful business model of another firm. As a franchisee, you can find a franchisor to whom to pay a fee in order to use their trademark and distribute [...]
Claim a free IPod
To celebrate the fact that summer is coming, we are running a great offer in May. Any existing client who refers a friend or colleague onto our standard monthly accountancy services (Essential or higher) can claim a brand new iPod Nano in their choice of colour completely free. The new Nano is a great device. It [...]
HMRC Property Sales Campaign
Interest rates have been historically low for a few years now resulting in people looking for other ways to get a decent return on their money. This, coupled with a fascination in the UK with residential property which is encouraged by TV shows such as Homes under the Hammer, has led to many people becoming property developers [...]
Free life cover for new parents
Free life cover for new parents with Sherwin Currid Almost half of all parents (46%) have no life cover according to a recent survey by Legal and General, a shocking statistic given the impact that the death of a parent can have on a family. The good news is that new parents can benefit from [...]
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