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Simplifying expenses and benefits: government wants to know what contractors think
Contractors and services providers are being asked for their views on four new government consultations on simplifying expenses and benefits.
�Contractors, alongside their advisers and contracting service providers, are invited to contribute to f� �signment. This will benefit contractors on longer contracts with multiple renewals New rules for homeworking,�
Category:
News
| Tue, 24 Jun 2014
Contractor start up expenses that can be claimed
All the expenses you can incur on start up and what can be claimed.
�discussed the valid expenses you can claim whilst contracting . However, when you first form your own limited c� �duction and hosting fees. Legal Fees (perhaps for contract drafting or review). Equipment and Other Capital�
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Articles: Expenses
| Fri, 13 Jun 2008
Contractors with home offices to benefit from new HMRC expenses guidelines
Contractors who spend time working in their home office are set to benefit from new guidelines published by HMRC this week.
�on of their fixed costs against their income from contracting. Such fixed costs will include: Insurance – if th�
Category:
News
| Fri, 20 Jun 2008
How contractors should process contracting expenses
Contractors who run their own limited company can use really simple systems to ensure they keep accurate, up-to-date expenses records for their tax and VAT accounting, as well as ensure they get to claim everything they can.
�own company and paying out of your own pocket for contracting expenses , especially cash expenses, it really pa�
Category:
Articles: Expenses
| Thu, 03 Jul 2008
What expenses can contractors claim for using a home office?
Contractors who spend time working in their offices at home can claim a proportion of the running costs of their home as legitimate business expenses, thereby saving money on their tax and personal outgoings.
�ge of your home that you use when working on your contracting business from home. With some contractors this co�
Category:
Articles: Expenses
| Mon, 14 Jul 2008
Training expenses - what contractors can claim
Investment in training can pay real dividends for contractors in order to maintain and upgrade their skills. Although most relevant training costs can be claimed, some types of training are excluded by HMRC.
�ills are in the best position to take the pick of contracts available. Contractors in some sectors, like engi� �uld mean the difference between winning that next contract, or not.�
Category:
Articles: Expenses
| Wed, 30 Jul 2008
Contractors can recover unclaimed travel expenses from past contracts
If a contractor has failed to claim for past travel expenses, these can still be recovered under certain conditions.
�e within the so-called ‘24 month rule’, and which contracts were not covered. Any travel expenses would not b� �, even if they had been legitimately working on a contract for which the travel expenses were eligible. Temp�
Category:
Articles: Expenses
| Mon, 29 Sept 2008
Contractors should lock in low mortgage rates as soon as possible
With lenders like Northern Rock clearly in trouble, contractors should move fast to grab good mortgage deals without delay.
�h allow the lender to evaluate contractors on per-contract income, as opposed to employees who prove their i�
Category:
News
| Tue, 25 Sept 2007
Contractors can use offset mortgages to save tax
With the credit crunch biting, and mortgage companies removing special offers, contractors can still use offset mortgages to get the flexibility they need.
�vice. "You can take a break from payments between contracts, or away on a long holiday, and then when you sta� �is easy explains the expert: "We have negotiated contract based underwriting with many of the main provider�
Category:
Articles: Mortgages
| Thu, 12 Jun 2008
Remortgage market picks up with new opportunities for contractors
As the mortgage drought eases, contractors have wider remortgage options but an expert IFA says forward planning is essential.
�. This means that many lenders who don’t know the contracting market are nervous about lending to contractors.”� �st and insisting on a larger deposit. Multiple of contract rate According to the IFA expert, new models have�
Category:
News
| Mon, 15 Sept 2008
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