Expenses to turnover percentage

[johndc31]

Just checked Freeagent and so far my expenses (not incl salary/pension) are just under 6% of turnover. I travel daily into London on the train, 40 min journey so travel/subsistence is the biggest expense category.

I'd say that's really good! It seems if you're WFH your expenses are considerably less.

[vwdan]

No idea what my percentage is, but I did promise myself that if I was contracting and living away for extended periods of time that I wasn't going to live in squalor. Obviously there's a balance, but doing 6 months in a nice reasonable spa-type hotel with some good restaurants around is a world away from living it up in a Travelodge or some such tulip.

Staying away is bad enough anyway and you only live once - what's the point in being able to set your own expenses policy otherwise! (Top tip, use your £5 a day for laundry and hand it in on Friday to be returned Monday!)