Contractor FAQs: Do I really need a business bank account for my limited company?

Many contractors worry about the hassle and burden of setting up and managing a business bank account. This week, a question came from an individual who is considering moving from an umbrella company to a limited company service but is concerned about the additional pressure of having more administration relating to their business bank account.

What expenses can I claim through my home office?

Contractors often find that one of the benefits of contracting is working from a home office. However, this convenience means that you will inevitably eat into your own electricity and heating that you would otherwise not use when working in a professional workplace. Furthermore, you may need to purchase specialist equipment that would otherwise be provided by an employer. This leads most working contractors to ask, what expenses can I claim if I work from home?