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2 Year Rule
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Drivel it is then.Originally posted by Lithium View PostSeriously go to bed or summit! You really are getting into stalker territory!
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You could have claimed your travel expenses (as you use the bus, I assume that it is local to where you live so this may not be a large amount).Originally posted by Lithium View PostWhich is what/ and how? I wake up, eat my breakfast, bus to work, lunch and back home? Where is the expense? Is that not a regular working day?
Please explain further!?
Cheers
If you operated as a limited company there are other potential tax benefits over working through an umbrella company, however, there are then the issues of running the company. It all depends what you are most comfortable with.
Have a look at the first timer guide (useful even for experienced contractors) and also have a look at some of the "contractor calculators" which you can easily find on Google. They will give an idea of what you could have earned through claiming expenses.
HTHComment
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Speaking as a veteran, you really can't be sure if you are 'ok' until HMRC have lifted the drain covers up on youComment
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