Free Guide to Expenses For Limited Company Contractors

One of the benefits of working as a limited company contractor is the opportunity to claim tax relief on a wide variety of business related expenses. This guide will help give you a better understanding of how expenses can affect your tax bill and examples of what is and is not classed as an expense.

What's in the guide?

  • What is a business expense?
  • What types of business expenses can I claim as a contractor? 
  • Expenses relating to a temporary worksite     
  • What expenses you can claim in relation to a temporary worksite
  • Other business expenses you can claim  

RUNNING A LIMITED COMPANY

Running a business as a limited company can provide an ideal foundation on which to grow and give yourself a solid legal and financial base to build on. It’s exciting and inspiring, and brings with it the potential for great financial rewards as your business grows.

Setting up and running a limited company is not a decision to be taken lightly. Because establishing a company is a legal process and your company itself will be a separate legal entity, it entails a greater level of responsibility and commitment. However, running a limited company does bring a number of benefits.

Why Brookson?

For over 20 years, we’ve provided accountancy, tax and support services to over 90,000 contractors, freelancers and self-employed professionals - it’s what we specialise in and it means we’ve been able to develop a unique service that is innovative, friendly and easy to use.

  • Know your tax position when you need to – with daily* updates from Brookson
  • Know how much you can safely withdraw from your business, without spending the taxman’s money
  • Realise your earning potential – now and for the future, with advice on pensions, investments and wealth planning
  • Benefit from FREE and unlimited employment status reviews (IR35)
  • Get support every step of the way with our unique Tax Promise
  • Specialist Advisors available 6 days a week†
Download Guide

Free Guide Download

Please enter your details

     

"You take away the pain of understanding all the tax requirements and associated returns, which allows me to focus on my role as an IT contractor."

Ian Tunstill
     

"As I am newly self-employed, I have had lots of questions and Brookson have always been extremely helpful and ensuring I fully understand. I would not hesitate to recommend them."

Shelley Connor

*Excludes weekends and bank/public holidays. † Specialist Advisors available six days a week, Monday to Friday, 8am-6pm and Saturday, 9am-1pm. Excludes bank/public holidays.