You'll find a lot of answers to your questions within the CUK website.
On the right you'll find CUK Navigation. >>>>>>>>>
Look down and you'll come to the First Timers section. Have a read through there.
Umbrella or Ltd? Look here: Setting up your company - Ltd or Umbrella?
Basic expenses questions answered here: Contractor Expenses - How to claim Travel and other expenses via Limited Company or Umbrella
Then pay particular attention to IR35.
And here are the rules when using company credit cards: http://www.hmrc.gov.uk/payerti/exb/a-z/c/cards.htm
If you go into the Accounting/Legal forum you'll discover the thread Basic advice when running your own contractor business.
Guide to Contracts also has some good articles.
Do you want advice on the state of the contract market for your specialism/location? Have a look at this website; it will answer most if not all of your questions: IT Jobs Watch, Tracking the IT Job Market
And finally - accountant recommendations - Ta-da!

Happy reading!

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