…states that you can claim a proportion of the cost from the company if it purchases glasses for general use but they include a special prescription for ‘VDU use’. c) Glasses for general use, no specific VDU prescription However, if you claim the cost of glasses without a specific special prescription for VDU use, this gives rise to a taxable benefit. In other words, you will need to pay income tax on the cost of the glasses, and the company pays…
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Limited Company Accountants
…rance – £5m Public Liability and £10m Employers Liability insurance. Smart online portal for easy invoicing, expense recording and a 24/7 view of your finances. 0113 518 8800 www.cleveraccounts.com Visit Clever Accounts’ partner page on our site. Integro Accounting Special Offer Exclusive to IT Contracting visitors – 6 months half price – usually £110 + VAT pm, now only £55 + VAT pm. Multi-Award Winning Service rated 5/5 by Clients – Voted Best Co…
Contractor Accountants – Compare 30+ of the best accountancy firms
…These days, you can set up a limited company yourself quickly, easily, and cheaply online. But if your company will have an unusual structure — for example, you’d like your spouse to be a director or shareholder — or there are other particular circumstances surrounding your business, it’s worth getting expert help and advice Preparing and filing your annual accounts Dealing with other Companies’ House formalities, including filing your annual conf…
Why the cheapest umbrella company isn’t necessarily the best option
…ut it shouldn’t be your sole consideration. Here we explain why choosing a cheap umbrella isn’t always the best option in real terms. Which is the cheapest umbrella company in the UK? To compare the costs of several umbrella companies, you should find out how much each company charges per week or month. This is known as their ‘margin’. From our experience, you can pay anything from £10 to over £40 per week for a PAYE umbrella service. Our partners…
Mortgage products for contractors – fixed vs. variable rates
…ength of time. Make sure you compare the final rate you will pay after the discount… not the amount of the discount. Tracker Mortgages These types of loans track the Bank of England’s bank rate, plus a fixed additional chunk of interest charged by the lender. If the bank rate increases by 0.25%, your interest rate will rise by the same amount. Capped Rate Although your mortgage can rise, this type of agreement limits the amount by which your inter…
How to cut your accommodation costs as a contractor
…It’s worth noting that although serviced accommodation and rental property prices do fluctuate, hotel prices can often be more expensive when booking at the last minute. Duration – The longer you stay, the more you can negotiate. Even though accommodation hosts can often command a greater price for their properties in summer months, if COVID-19 has taught us anything, it’s that guaranteed occupancy at a lower cost is better than uncertainty, which…
Mortgages for Contractors – FAQ
…roperty, you have to pay tax (Stamp Duty Land Tax) – which is based on the purchase price. You can find out your SDLT using this calculator. There is an SDLT discount if you’re a first-time buyer and a premium to be paid if you already own a property. Find out more in this official guide. The tax is paid upon completion of the property purchase, so make sure you put aside funds to cover this additional cost. What about Self Cert mortgages? Before…
3 simple tips to reduce your accountancy costs
…in 2007. An early adopter of using accountancy technology for routine tasks means that Elaine and her team of qualified accountants have the ethos of cheap accounting fees; a clear difference to just being cheap accountants….
Privacy Policy – ITContracting.com
…okies, our system will issue cookies when you log on to our site. Where we store your personal data The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may also be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff maybe engaged in, among other things, the fulfilment of your order, the processing of your payment detail…
Can I transfer any personal assets to my limited company?
…age, condition, and specification. You can research the second hand market online to help find valuations. The longer the gap between purchase and your company incorporation, the harder it is to reclaim the full value of assets, although you can claim the cost of pre-incorporation expenses for up to seven years. It is worth noting that if you purchased the asset solely for business use, you can usually expect to claim the full cost of the asset. R…
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