Recent content by Windmark

  1. W

    Buying a car for business use?

    I'm afraid you've misunderstood the question, its employee salary offset that I'm referring to and it can indeed be used in the way suggested, now confirmed by a tax specialist, but thankyou anyway
  2. W

    Buying a car for business use?

    I think you've misunderstood the question, which is sideways offset, but thankyou anyway
  3. W

    Buying a car for business use?

    I'm afraid you're wrong, and that simply isn't true, I genuinely have a consultancy working on research for a highly innovative fuel cell
  4. W

    Buying a car for business use?

    or more interestingly (unfortunately) to realise the potential of the culmination of over 5 years cutting edge work (across three universities and two companies) in the hybridisation of fuel cell nanotechnology, as a UK world first...in all honesty that is
  5. W

    Buying a car for business use?

    I agree however, it doesn't seem to be happening and we're really struggling with affording costs that the government should have factored into the R&D scheme but haven't
  6. W

    Buying a car for business use?

    By that I meant my salary within the ltd company, could/should we move this to PM MyOnAccountant?
  7. W

    Buying a car for business use?

    How does this work, if for arguments sake to keep the numbers understandable, we have a tax liability of 3k over three years in the LTD and then put a 3k loss in the consultancy, it offsets it? I've been told we can also then apply for annual writing down allowances? I don't understand how...
  8. W

    Buying a car for business use?

    I've been using the same accountant for as long as I can remember, his advice is you can claim for the materials within the fuel cell, but not the car or hardware (which is expensive) via the R&D scheme, using the ltd company, but it obviously wouldn't be anywhere near as useful as a sideways...
  9. W

    Buying a car for business use?

    Well I'm asking for advice as I don't know what to do tbh
  10. W

    Buying a car for business use?

    long answer we're developing a fuel cell that is designed for this specific engine, that can take the data from the ECU and other hardware in the car to provide an ideal catalyst for the compounds we're using.
  11. W

    Buying a car for business use?

    From what I've been told perhaps wrongly, you can "sideways offset" income tax on salary
  12. W

    Buying a car for business use?

    the car won't be connected (connected trade) ie used by both companies, it'll be used only for the sole trader and in theory not available for private use at all
  13. W

    Buying a car for business use?

    I wish I could, I'm wondering if we could use our income tax in the LTD to purchase the car as its the only way we can afford it
  14. W

    Buying a car for business use?

    Hi there, I have a question I'd really appreciate some guidance on by those in the know on the forum. I run a small (very modest profit making) computer supplies company and am also a sole trader consultant (very modest loss making), both businesses are vat registered. I'm trying to purchase...
  15. W

    Importing Indian/pakistani clothes to uk

    Thanks for the info anyhow!
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