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expenses

  1. S

    It Starts with IT Workers … But Where Will It End?

    Hi Everyone, We’ve just launched a petition calling on the UK Government to stop the unfair impact of the UK-India trade deal on British IT workers. Right now, UK-based IT professionals are being pushed aside while foreign outsourcing firms benefit from tax exemptions, visa advantages, and...
  2. R

    25 years on and has much changed you ask... (RIP Rob Crossland)

    Good evening from sunny Staffordshire... My name is Rob and I am an.... ex-umbrella bod :tongue. I originally founded and was CEO of a business called Parasol which became Optionis etc. Before you swear at me, I fully and completely exited in late 2016 and had zero involvement with the Group...
  3. G

    VAT scheme if providing services abroad and most efficent to save tax outside ir35?

    I have been offered a contract for £100k+ per year to provide IT services internationally. Is it necessary to pay Value-Added Tax (VAT) in this case? Additionally, what is the most efficient way to pay myself, as a director, and my sibling, who is serving as the company admin or secretary...
  4. M

    Meals bought by contractor for subcontractors - allowable expense?

    Hello there, I'm preparing to start a career in bookkeeping (and possibly accounting as a next step), and attempting to familiarise myself with the kinds of issues I may come up against by looking into real accounting issues and questions for friends. I'd appreciate any input/insight into this...
  5. J

    Expensing/Tax Relief on Computer Equipment - Umbrella Employee

    Hi, new to the forum and the contracting/umbrella world so apologies if this is the wrong section. I have recently become an employee for an umbrella company. The job that I am undertaking requires computer equipment (laptop) but I do not have one personally and currently just borrowing one. Is...
  6. A

    Company Motorcycle maths

    So this has been done to death but wanted to check my ‘maffs’! I’m considering purchase of a motorbike purely for business use to dive in and around city centres when visiting Clients (it may also only be used in a sunny day!). Making use off the Annual Invesment Allowance and the fact the...
  7. P

    Claiming expenses through PSC whilst working through Umbrella

    Hi there. I was unfortunately classified to fall inside IR35 only a month after my start date on this new assignment, so will now have to switch to an Umbrella. I very much wish to continue working through my PSC, maybe straight after this assignment ends, so planning to keep it active...
  8. R

    Allowable expenses - university training

    Hi all, This is my first post on this forum so I just wanted to take the chance to thank you all for the information shared so far! I have been contracting for some time already - last project in date was a nine month contract as a data scientist with a famous social network company. In...
  9. 8

    Reclaiming VAT and Corporation Tax under FRS

    Hello all, Just have a quick question regarding VAT and CT claim for a limited company. I want to purchase a PC say for £1,000. I am struggling to understand whether it is better to buy a PC and then register for VAT FRS and reclaim the VAT for this pc as it will be pre-registeration input...
  10. S

    Accounts and expenses accuracy

    My accountant has just prepared my first set of annual accounts and company tax return, and sent it to me for signing (along with a nice disclaimer telling me 'on my head be it', *nervous laugh*). This is all new to me, and I bet many contractors (I have a few I know in mind :) just trust their...
  11. S

    Claiming Expenses, VAT or something along those lines Help!

    Hello folks, I am working under the umbrella company Paystream. Recently due to the lockdown situation our work has moved to our homes and we are to use our personal computers to complete our contracted work. I have been having issues with a slow computer which has been affecting my work as...
  12. J

    Childcare costs through limited company

    Does anyone know what the new rules are regarding childcare, specifically around putting costs through your limited company. I know the rules were changed in October 2018, but I'm reading and being told contradictory information so would be good to get some clarification. The scenario I have...
  13. T

    Expenses: Contracting in Dublin, working mostly remotely

    Greetings folks, I've just been offered a 3-month contract in Dublin at €750/day. I've opted for the Director Umbrella company option. I'm hoping to work from home in England with occasional trips to the Dublin office. I'm told I can't claim for the travel and accommodation expenses and was...
  14. N

    Expenses and tax question (Self Assessment)

    Hi all, can someone please help me figure out the whole SA shebang? Do you usually start well in advance and have everything ready by the time you file your Self Assessment? How much time would you say you usually need (per month or total)? Is the workload typically manageable? How do you go...
  15. S

    Brookson's portal adds up expenses incorrectly

    I've noticed that sometimes when adding expenses, the total is off by a penny. Those with a background in computers will recognise it's probably a floating point error. Poor form, really. I've gotten myself a freeagent subscription and will be using the totals it comes up with instead...
    • Shiny
    • Thread
    • brookson expenses
    • Replies: 53
    • Forum: General
  16. C

    UK Limited B2B SaaS Company signing up US Corporate Clients and getting paid

    Hello, I've got me Limited Company going now... no more IR35 and no more sitting at desks. All remote Skype, phone, email, I have clients for SaaS programming in the UK. I am a UK Citizen. Resident in UK. I want to offer the same cloud services to USA big companies. I want to pay some...
  17. W

    Members Club Fees as allowable expenses?

    Hello, I run a small tech advisory business and was using a co-working subscription that was £400 per month. I recently decided to end this contract as it was far to high for my uses. I decided to join a private members club who encourages its daytime use for business use. I spend most of...
  18. C

    Buying a new Laptop as business expense

    Hi everyone, I am working as an IT contractor for a client that provides me with IT equipment (it's a financial institution, therefore security is paramount). I would like to buy a new laptop, expense and reclaim VAT on it. This laptop will be used mostly at home for coding, training and...
  19. S

    Meal Expenses

    Hello, I am relatively new to contracting and have been constantly trying to read a lot of stuff regarding rules and regulations around it. One of the questions that I am confused about is whether I can claim regular lunch meals at a client site as an expense. I choose to be at the client site...
  20. J

    Question about expenses

    Hi, Need some help, sorry this question may have been posed many times before but I am not clear. I’m new to contracting and have just set up a limited company (am director and am employee) and started as a worker providing IT Consultancy Services. I have a client for 6 months, and I will be...

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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
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