Covid 19 - Financial Supports Available to Contractors & the Self-employed >>
What expenses am I entitled to claim, as a Director of an Umbrella Company

What expenses am I entitled to claim, as a Director of an Umbrella Company

Posted Thursday, April 4, 2019

Professional Contractors expense claims can vary depending on the nature of the contract and the work being done. Here are some examples of business expenses you may be entitled to claim;

  • Mobile phone, home phone and home Internet usage
  • Postage & Stationary
  • Public transport / Taxis / Tax-saver ticket
  • Training courses related to your field of expertise
  • Business equipment
  • Costs of trade magazines & subscriptions
  • Travel & subsistence (this is a very contentious issue but once the journey is not to and from home to your ‘normal’ place of work, then you’re okay. We’ll give you all the advice you need around this.

The general rule of thumb is if you need to spend money to complete your work, and that purchase isn’t one which you would normally make in everyday life, then the expense is an allowable one and you can get tax relief on it.

The main thing to remember is that business expense claims should be supported by receipts. We make this easy by giving you an app where you can take a photo and upload it. We look after the rest.

At Contracting PLUS your Dedicated Account Manager will know your business and will be able to guide you through your expenses and what you are allowed to claim. Your Dedicated Account Manager will also be able to advise you what the normal expenses being claimed in your sector are.

Contracting PLUS Making Contracting Simple

The benefits of choosing Contracting PLUS

Our compliant contractors typically achieve the best retention rates; they take home more money.

Our App and online portal remove all the admin and hassle from you.

Standard company insurances are included (at no extra cost) in most cases.

You’ll have a Dedicated Account Manager to answer all your questions.

You’ll get ongoing pro-active tax saving tips and suggestions.

Talk to us

Talk to our team to figure out the best solution for you

1800 54 54 22 Free Phone