Originally posted by cojak
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Accommodation whilst working
Collapse
X
-
Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k. -
Originally posted by Ted View PostThanks - I'll definitely be speaking to my accountant. I'm only been contracting for a few months now so I just want to understand things before I go and get bombarded with accountacy lingo.
I suppose at a stretch, I could get a receipt book for the landlord and get them to fill it in for me. Hopefully that would suffice.
I presume my company would be able to 'save' 20% of the rent when tax is due to be paid?
Doesn't matter if you pay out-of-pocket and reclaim from YourCo, or using the company debit card, or via bank transfer, the end effect is the same. Just make sure you keep accurate records.
Fwiw, I prefer to pay direct from the company wherever possible, mostly cos I find that makes for simpler for bookkeeping. Also fwiw, while starting out I found it useful to keep a handwritten "primary record" - date, description and amount scribbled in the back of a notebook - as a fallback and to save me forgetting to enter stuff electronically.Comment
-
2 out of my last 3 gigs have been approx. 90 miles from home, and I elected to stay close to Client. I found a decent room via Spareroom for the earlier of the two gigs, which was within 2min walk to that Client office.....and then, when I took current gig on, I went back to same room, albeit now with a 25min drive each way to ClientCo.
As has been said, fine to have YourCo pay for accomm., subject to certain criteria including 24-month rule.......and, as has also been said, it is still kinda your money, albeit with 'discount' in terms of Corp Tax and so on.latest-and-greatest solution (TM) kevpuk 2013Comment
-
Originally posted by Ted View Post
EDIT: If I get a room through a site like spareroom.co.uk etc. it is highly unlikely that the provider will be in a position to offer receipts - as they are just people letting out rooms in their houses. Does this have an adverse effect on putting it through expenses or how is this handled?
Thanks."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
-
Originally posted by Ted View Post
The commute is killing me and my car - as well as adding 10+ hours onto my working week
Commute on a Sunday night, stay 3 nights in a hotel, and commute on Thu/Fri. Fridays are usually better for traffic anyway.
This is far more flexible and you can cancel at short notice.
If you find that 5 days a week is really what you want then you can commit to something longer term.See You Next TuesdayComment
-
-
Originally posted by BackupBoy View PostFriday's are better for traffic? Perhaps at 4am ...Comment
-
Originally posted by BrilloPad View PostMore and more are WFH on a Friday.See You Next TuesdayComment
-
Currently commuting 1:45 to 2:00 each way.
Will be getting a room, to use on Tuesdays and Thursday nights, making Monday the only day I go there and back.
I find a room is cheaper than hotels, AND you get to leave all your gear there, clothes, food, AND the flexibility of turning up as and when you want.
Factor in cheaper meals when renting a room. You'll be spending more eating out in hotels, making a room cheaper.Comment
-
Originally posted by BrilloPad View PostMore and more are WFH on a Friday."You’re just a bad memory who doesn’t know when to go away" JRComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment