Re: Sole Trader to Limited Company Archived Message
Posted by James Simpson on January 30, 2005, 7:56 am, in reply to "Re: Sole Trader to Limited Company"
whooo Mick >>Using Car for personal use, u can claim 40p a mile,<< careful there if you use your personal car for business use you can claim 40p a mile off the business (all journeys to be documented though). However if you use the business car for personal use you become liable for company car tax (very bad). These and many other points you need to be absolutely correct about if you turn ltd.
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