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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�
Category:
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�
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Articles: Expenses
| Mon, 14 Jul 2008
Temporary workplace rules for contractors
Contractors must comply with temporary workplace rules to qualify for travel and subsistence expenses plus tax deductions when travelling to clients.
�fixed term appointment rule – single, standalone contracts The fixed term appointment rule can potentially p� �company’s head office, working on a time-limited contract on the client’s site would appear to qualify as b�
Category:
Articles: Expenses
| Wed, 21 Aug 2013
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 guide to the tax treatment of loyalty schemes and benefits
Contractors can personally ‘spend’ loyalty points from business purchases without a benefit in kind tax charge, explains James Abbott of Abbott Moore.
�ints using a personal loyalty scheme account, the contract employee owns the points, not the employer, which�
Category:
Articles: Expenses
| Sun, 22 Apr 2012
Expenses consultation – contractors must act NOW
Contractors must act and respond to HMRC’s Employment Intermediaries and Tax Relief for Travel and Subsistence consultation, or lose their expenses.
�ments as if they were employment income. Although contracting experts conclude that genuine contractors and fre� �itive . It will force many contractors to decline contracts based more than a short commute away and complete�
Category:
News
| Tue, 15 Sept 2015
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
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