Advice from Accord Accountants
Accord sends out notifications of regular tax tips through Twitter linked to more detail on the website.
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Tax Tip of the Month
If you are a director or employee of a limited company you can purchase a company car with interesting tax advantages. Cars with a CO2 emission of 110g/km or less are eligible for a 100% claim of the cost price against profits in the year of purchase.
The benefit in kind charged on the user of the car is also much less than cars with higher CO2 emissions at only 10% of the car’s list price per annum
This could be useful to provide a vehicle for a second director or secretary who may be a spouse.
Fee Protection insurance
Accord offer insurance to cover the extra accountancy fees associated with handling taxation enquiries by HMRC. Fees can mount up, especially if an enquiry becomes lengthy. Fee protection insurance will cover these fees meaning lower costs to you and making sure the investigation is dealt with quickly, effectively and with the best outcome for you.
For more information on any of the above items, please contact us.
