Recent content by motty

  1. M

    Lending money to limited company for leasing car

    With a BIK of 2% and the ability to claim 50% of VAT back and it reduces your CT liability, I think it makes much more sense to lease it through company. If I had been trading long enough for the leasing companies I have spoken to for acceptance then I probably would not have posted but I was...
  2. M

    Lending money to limited company for leasing car

    ltd is one man consultancy. this is the nth time I have a ltd but never had a lease before - i have never been more than £10 off my previous accountants numbers, I just wasnt confident in how to prevent EOY accounts. The BIK is excellent on the EV so all good. Saving for leasing through ltd...
  3. M

    Lending money to limited company for leasing car

    So the way I sort of read it is as follows 1. I lend the company the money for the total lease. 2. I can claim 50% VAT back on the lease value 3. Do not pay CT on loan from myself 4. Gain the CT benfit of the lease (not paying CT on the value of the lease). 5. Regain money from loan when figure...
  4. M

    Payroll services and Freeagent/Xero

    I am not an accountant or even close, I decided not to use accountants due to previous issues and have found that FreeAgent is fantastic and completes all tasks effortlessly and runs payroll and will even complete the end of year submissions which was the only bit I was concerned about.
  5. M

    Lending money to limited company for leasing car

    Good afternoon. I recently started limited company, as being a new company it is challenging to find a leasing company that will accommodate. I have the personal funds available to lend to the business in order to pay the full leasing term in one payment (still waiting back to hear if this...
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