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Company car accounting: have you caught up?
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THE first anniversary of the latest company car accounting rules has just passed. Such items as the balancing allowance on business car purchases have gone; so, too, the 'half the excess' expensive car leasing disallowance on contract hire. Instead, the new accounting rules were re-designed around CO2 emission tax breaks. There are significant opportunities to lower your company's corporation tax. There are, it must be said, significant opportunities to get it wrong, too, which could affect your cash flows. If you want to know more, read our story How to save on your business cars - you can download are free guide. And I urge you to read our special report Happy birthday new accounting rules - our lead story below, with another free download on business car taxation. Get the knowledge; save money.
Ralph Morton - editor
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Are you new to Business Car Manager?
To put you in the picture, Business Car Manager - the business motoring magazine - is an invaluable source of information for small businesses, the self-employed and business car drivers. It carries news on company car tax changes, legislation updates, new business car news and advice on how to run and fund your business cars. Ralph Morton - editor.
Business Car Manager Ltd, 95 Station Road, Hampton, Middx TW12 2BD. Registered as a company in England and Wales 5581943; a member of the Federation of Small Businesses; a member of Merton Chamber of Commerce; and registered with the Information Commissioner's Office.
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