Claiming interest on buy-to-let mortgages as a contractor
Anyone who has rental property or works in tax will know about the relatively recent changes HMRC have made to how landlords are allowed to claim the interest on their mortgages. See below: % of Mortgage Interest can be deducted [...]
Thinking about changing your company car? Why waiting until 2020 could be a good idea
If you’re a contractor who is thinking of purchasing an environmentally friendly company car through your limited company, due to the car benefit changes, you may be better off waiting until 2020 to do it. Tax on company cars [...]
5 ways to increase your take-home pay
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 [...]
Can I reclaim expenses from before I formed my limited company?
If you spent money on setting up your business before you incorporated it, you may be able to claim for some or all of these pre-trading expenses, as long as they are legitimate business expenses. This article looks at [...]
5 top tips to organise your company costs and expenses
Working as a contractor may be new to you, or it may be something that you have been doing for a while. Whatever stage of the contractor life-cycle you're in, there are some things that are good to be reminded [...]
Ask an Expert: What You Need to Know About Expenses
When we start working with a contractor, one of the first questions we get asked, is, “As a contractor working through my own limited company, can I claim for business expenses?" followed by, “What expenses can I claim for?” You’ll [...]
Christmas expenses guide
You can claim for an annual party (it doesn’t have to be a Christmas party but must be an annual event). The cost is limited to £150 (including VAT) per employee or director.