When operating through your own limited company, you’ll incur expenses that will generally fall into two types, those incurred in performing your contract, e.g. travel, and those incurred to administer your company e.g. accountancy fees.
It is most likely that those incurred in performing your contract will be made out of your own pocket and will need to be reimbursed from company funds.
An expense claim, detailing each expense, will need to be completed to support this payment to yourself.
As a client of Danbro, you’ll be provided with an expenses guide to highlight the most common expenses that can be incurred by your business and to ensure expenses are claimed correctly to avoid any potential personal tax charges.