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 Company Car Vs Personal Car

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JILL2



Posts : 7
Join date : 2012-08-13

PostSubject: Company Car Vs Personal Car   Mon Aug 13, 2012 8:20 am

starts a business they usually have a great deal of questions relating to the deductibility of expenses, as well as the types of expenses that they can claim. One of the most common questions we hear relates to the use of their personal vehicle for business travel.
There are a couple of ways to deal with the need for a business vehicle, you can use your personal one, or you can lease or buy a vehicle for the primary use of the business. No matter what method you choose, there can be significant tax implications.
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