IT Contractor umbrella company expenses claim tips

Published on Feb 26, 2008 |

IT Contractors a can alleviate financial stresses by maximising their income and making the most of their work expenses, advises a contractor umbrella provider.

FPS Umbrella has provided us with the following top tips on how to beat the stress of expenses and keep your finances healthy through processing business expenses.

Top tips on maximising expenses

1. Travelling between your home and your temporary workplace in your own car? Keep a diary of your mileage.

2. Working so late that you need a place to rest your head for a night or two? Make sure add your hotel bill to your expense claim.

3. Travelling some distance to the temporary workplace? Keep hold of train, plane, tube and taxi receipts.

3. Forget your toothbrush? Then Personal Incident Expenditure (PIE) lets you claim £5 for your miscellaneous items, when you have to stay overnight and for this you don't even need a receipt!

4. Need safety boots or any special attire in the work place? Don't let it break your bank...this kind of retail therapy can be expensed.

5. Tearing your hair out over sky high mobile bills? Itemising your business calls could save you a load.

6. Need a list of letters after your name to get the job? Then professional memberships and other subscription fees come off your bottom line.

7. Need cover in case things go wrong? Professional Indemnity insurance can save you in more ways than one.

8. Need some java to fuel your early morning start? Every coffee, sarnie and packet of crisps counts as subsistence.

9. And finally, the most important tip of all... always, always keep your receipts and don't claim more than you spend!

"The complex rules and regulations of expense claims can cause confusion and if you want to eliminate your personal stress down the line it's important to ensure all claims meet the necessary eligibility requirements," says Jen Monro, marketing manager for FPS Umbrella. "Ensure you are fully compliant with HM Revenue and Customs (HMRC) by getting expert advice on each claim."

You may also want to read Contract Eye's own guide to IT Contractor Expenses.

Contractor Services

Income Protection (PHI) and Contractor Mortgages - Specialist quotes
Free Umbrella Company - Save over £1400 p.a. on fees with Springboard
Contract Experts - ClearSky Accounting on 08000 325 326
Qdos - IR35 experts - Providers of low cost insurances
Parasol - the UK's favourite umbrella company
Free IR35 & Tax Review - Call ICS on 0800 195 3750
K & B Accountancy Group- Fixed fee accounting for contractors only £75pm
Cloud 9 Group - Umbrella Solutions only £19.95 per week
Umbrella4Contractors - Low fees, same day setup
Professional Indemnity Insurance - Contractor PI cover


Back to top
Search Contract Eye

 Our Partners
Parasol PAYE umbrella
Award winning service
Contractor Accountants
Full Service, Fixed Fee!
Free Umbrella Company
Save over £1400 p.a.
ClearSky Accounting
From £95 per month
Fixed Fee Accounting
Contractor Specialists
Umbrella4Contractors
Low fees, same day setup
Free IR35 / Tax Review
Call ICS - 0800 195 3750
Umbrella Co. Solutions
Only £19.95 per week
PRINCE2, MSP & M_o_R
Maven Training

 Contractor Insurance
Hiscox Office Insurance
Instant Online Quote
IR35 Insurance
Essential Protection
Income Protection
If you're unable to work



 Contractor Services
Compare Insurance Deals
PI & Business Liability
Contractor Ltd Company
Instant online formation
IT Contractor Pensions
The last great tax break
Private Medical Insurance
Tailored contractor cover
IT Contractor Mortgages
Based on hourly rates!
Protect Your Income
Get a PHI quote
IT Contractor Life Cover
Protect your dependants
Critical Illness Cover
Comprehensive cover



 IT Contractor Guides
Contractor Umbrella
Umbrella Co. Guides
Limited Companies
IT Contractor Guide
Contractor Accountants
Accountancy Directory
Corporation Tax
IT Contractor Guide
IT Contractor Mortgages
How to get the best rates
Contractor Insurance
Are you covered?
PAYE Umbrella Company
How umbrellas' operate
Limited or Umbrella?
Which company structure?
Security Clearance
How do you get it?
IR35 Insurance
Tax investigation cover
IR35 Contract
Contract review guide
Professional Indemnity
IT contractor cover
Umbrella Companies
Links to key providers
Parasol Umbrella Company
'My Parasol' portal

Stay up to date with our RSS feed | Terms of Use | About Us | Directory | Site Map | MSC Legislation | Income Shifting

Copyright © 2006-9, Contract Eye Limited, All Rights Reserved.

UK Contractor Guides, Contractor Accountants, Umbrella Companies, IR35, Insurance, Contractor Mortgages
Design by Blue Egg Web Agency