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
  • Specialist Advisors available 6 days a week†
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"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.

Brookson is an APSCo Affiliate Member
Self-Employed / CIS Accredited Member
Limited Company Accredited Member
Umbrella Accredited Member
Brookson is a REC business partner
Brookson has achieved ISO27001 for information security management