Contractors

We have years of experience of working with contractors and we can provide excellent service which is always worthwhile for your business. 

Because of our structured way to work with contractors, we always ensure that you pay the optimum amount of tax. 

We will provide a bird's eye view of your contracting business with our accountancy experience so that you can see where your business is heading and whether you are achieving your financial goals or not. 

IMPORTANT INFORMATION FOR CONTRACTORS

We will work closely with you to lay out your future plans and to grow your business. We will help you with brainstorming your business bookkeeping ideas and will do your company as well as your personal tax computations. 

ALLOWABLE EXPENSES FOR CONTRACTORS

Some of the tax-deductible expenses you can claim in your business are as follow: 

• Accountancy fee

• Legal & Professional fees related to your company incorporation. 

• Office Admin cost including Postage

• Printing & Stationary

• Business telephone cost

• Business travelling

• Employers NI contribution if you are not claiming it. 

• Salaries paid by the company to you

• Computer software & hardware

• Business entertainment

• Equipment purchased

• Books and journals

• Professional Subscriptions

• Insurance

• Company bank charges & interest

• Christmas party allowances - limited to a maximum of £150.00 per employee

All the above expenses are claimable, as long as they were paid from the bank or if you hold the receipts for them. We would not require the receipts from you however, it is recommended that you keep all the receipts safe for 6 years, should HMRC requires you to produce them during the IR35 investigation. 

If you want to discuss this topic further, please contact NUMERATE ACCOUNTANTS at 07765838151.