Expenses - How much for Year

[test4500]

Hi,

Just a quick question from newbie contractor.

How much is everyones expenses for the year.

Mine were @20K - Rent, travel, taxis, pc, pie, etc..

Just wanted to get ball park from others.

thanks!

[malvolio]

Hi,

Just a quick question from newbie contractor.

How much is everyones expenses for the year.

Mine were @20K - Rent, travel, taxis, pc, pie, etc..

Just wanted to get ball park from others.

thanks!

Jeez - you didn't have to say you were a newbie...

Expenses are what you paid out, in cash, directly in your line of business, no more no less. There is no average

[Clippy]

Jeez - you didn't have to say you were a newbie...

Expenses are what you paid out, in cash, directly in your line of business, no more no less. There is no average

WHS

If they were all wholly and exclusively for business purposes then don't worry about it.

[Danielsjdaccountancy]

WHS

If they were all wholly and exclusively for business purposes then don't worry about it.

And you have receipts to back them up.

[test4500]

Have receipts - of course!

Would not be expenses if not.

just wondering roughly what other were.

[Wanderer]

About £5k, bugger all really. I run a tight ship.

[TykeMerc]

Have receipts - of course!

Would not be expenses if not.

just wondering roughly what other were.

I've spent the last 12 months working from home with occasional site visits and a few nights away, my expenses are under £4k for the period. I spent 9 months of 2009 working on the Hampshire coast and my expenses exceeded £20k.

Which would I call typical? Neither, there's no such thing as typical expenses in my book.

[dx4100]

Around £4k... As usual...

I don't like spending money

[Danielsjdaccountancy]

The more expenses you put through the better really. It shows financial risk, which is good for IR35 purposes; also it’s another way of extracting money from the company.
The mentality I instil is that if you are paying for it to fulfil a contract then it’s more than likely you can expense it so ask your accountant.

[xoggoth]

Obviously others don't stay at £12 a night B&Bs sharing a room with tramps like I used to.