rutherford started this topic @ 19:28 on 03/01/2010
I'm in the process of working through budget forecasts, etc for a new limited company. I've decided to pay myself a wage in lieu of a dividend payment (I will be 100% owner), as I think this would be tax deductable thus saving more money. Is this view correct?
Also sales, installations, etc would require quite a bit of travel out to sites. I already have a car, if I were to use this what expenses would I put through the company - obvious example would be any fuel costs due to business. But could I do similar for annual costs such as insurance (& would I need to declare on my motor insurance it is partly for business purposes?) and tax?
cheers for any clarity
------------------------
MiddleMan