Contractor Expenses

Some of the most common questions James is asked by his clients are around expenses and if they can claim a cost, as a business expense.

In this section James has written a number of guides to help you understand how expenses work and what you can or cannot claim.

For more advice on expenses or contracting please call us on 01442 795100 or email Sophie.lewis@dolanaccountancy.com.

The pages

What is the 24 Month Rule for Expenses?

The 24 month rule is designed to clarify the extent of travel and subsistence expenses a contractor can claim back on when travelling and working at a client’s place of work.

How to Pay Less Tax as a Contractor

Everybody is required to pay their taxes – there is no foolproof way to avoid your fair share, without the taxman eventually catching up with you and we certainly wouldn’t recommend it. However, there are many subtleties to the UK taxation system and we are of the opinion that nobody should pay more tax than they are required to.

Should I set up a Limited Company?

Being a sole trader is the most common way to operate a fledgling business. However, as a freelance business grows, it’s likely you’ll be better-served setting up a Limited company. This quick guide gives a run-down of the benefits of doing so.

Limited Company Expenses Guide

Business expenses are costs incurred “wholly, necessarily and exclusively” in the course of running your business. Claiming these costs means that no tax will be paid on the amount spent.