“I started using Figurit in order to assist in becoming incorporated and am happy to confirm that their service has been excellent. I would not hesitate to thoroughly recommend them.”
Dr Neil Millington - Dental Practice Owner at Carisbrooke Dental Practice, Leicester
Those of you who own a company car are becoming amongst the minority as company cars becomes less and less beneficial from a tax perspective. Are you better off for tax purposes to own a company car or claim a mileage allowance?
Tax rates, reliefs and allowances have all been set in stone for another year. Download our 2015/16 tax tables for easy reference to the rates, allowances and reliefs for the next tax year.
As the viability of incorporating your business has changed following new rates of CGT, announced in December 2014, what else can you consider to save tax in 2015?
Over the past few years the company car is becoming extinct, as it is simply being taxed out of the market. Is it worth owning a company car or is it better from a tax perspective to charge your company mileage?