Expenses

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24-month rule for travel and subsistence explained

2020-01-14T10:02:19+00:00By |

Being a director of a limited company, entitles you to claim for legitimate expenses that relate ‘wholly, exclusively and necessarily for the running of the business.’ A full list of allowable business expenses is available in our Expenses Guide. Included on this list are travel and subsistence expenses. But it may not come as a [...]

Did you know you can claim these as a business expense?

2020-01-07T10:30:12+00:00By |

At the last count, unclaimed business expenses cost UK small businesses a whopping £238 million each year. That’s a lot of money that could be lining small business owner’s pockets. We constantly remind the contractors we work with to claim for everything they’re allowed to because expenses are off-set against the profit they pay Corporation [...]

Can you claim your Christmas party as a business expense?

2019-12-23T11:22:30+00:00By |

Christmas is a great time for celebrating and reflecting on your achievements over the last year. Contractors often ask us if they can claim the cost of a Christmas ‘do’ as an allowable business expense. The good news is that ‘Yes’, you can, but of course there are some criteria that must be met. If [...]

Top tips for getting a mortgage when self-employed

2019-10-10T18:06:20+01:00By |

According to HomeLet’s Rental Index, the average rent in the UK is £941 per calendar month. Many people see this as ‘dead money’ - going straight into the landlord’s pocket, with little benefit for them. If you’re one of the thousands of people who decide to purchase their own home each month, as an independent [...]

5 ways to increase your take-home pay 

2019-10-07T14:17:40+01:00By |

One reason why people choose to become contractors is that they can have the ability to earn more than they did as an employee. This is because they can charge higher rates and if they think about how they structure their work (e.g. working through a limited company versus working through an umbrella company) they [...]