Folks,
Hope you can assist
Living in West and company will be registered here. I have secured a 6 month part-time contract (2 days one week and 3 the next)
First of, not sure if this is an easy question, but as IT Contractors is it better to be limited or sole trader?
I understand that its cheaper to be a sole trader with regards accountants but outside of that then I can't see the difference
Expenses - I will be driving 500km return trip once per week from my home (office) to the site of the company I am contracted to.
I also will have to stay in a hotel and eat.
Can I write any of these off to tax?
Anyone got any banks who are miles ahead of others which I could use? I am with NIB and leaning towards staying with them but their branch is closing here next month.
Thanks
Hope you can assist
Living in West and company will be registered here. I have secured a 6 month part-time contract (2 days one week and 3 the next)
First of, not sure if this is an easy question, but as IT Contractors is it better to be limited or sole trader?
I understand that its cheaper to be a sole trader with regards accountants but outside of that then I can't see the difference
Expenses - I will be driving 500km return trip once per week from my home (office) to the site of the company I am contracted to.
I also will have to stay in a hotel and eat.
Can I write any of these off to tax?
Anyone got any banks who are miles ahead of others which I could use? I am with NIB and leaning towards staying with them but their branch is closing here next month.
Thanks