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![]() | Home > Off Topic > any accountants out there? |
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shmoogle Member Since: 07 Sep 2005 Location: ... and for every sprinkle I find, I shall kill you! Posts: 24350 ![]() ![]() |
Kam is an accountant and should be able to supply all the gory detail. |
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kam100 Member Since: 28 Sep 2005 Location: In my office doing quotes!! Posts: 4771 ![]() ![]() |
Well im just a payroll jockey but I have access to accountants, so i'll ask the question tommorow, may be worth PM'ing me just in case i get snowed under with New Posts or something!
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Pelyma Member Since: 28 Sep 2005 Location: Sussex Posts: 1497 ![]() ![]() |
As a sole trader you can put the depriciation of the car against your tax, upto �2.5K, when you sell it the whole depreciation can be off set. A start up business is perhaps not likley to be VAT registered. If you are then leasing will probably be a better option as the VAT can be reclaimed on the lease payment, but not on a purchase as its not a commercial vehicle.
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Supertrotter Member Since: 10 Mar 2006 Location: Brrrr.... guess where :o( Posts: 9905 ![]() ![]() |
Drives tarmac'd for cheap, Guv! Runner up - 2009 Best Avatar Award ![]() Joint runner up - 2009 Outstanding Contribution Award ![]() WINNER - 2008 �Best Thread� Award � Beautiful Women Of The World ![]() Runner Up - 2008 Comedian Of The Year Award ![]() Runner Up - 2008�s Funniest Incident ![]() 06 RRS TDV6 HSE, Java/Ebony, PTI, Running Boards, Privacy, S/C Grille/Vents, Stormers, Tasmods - GONE - ![]() |
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Pelyma Member Since: 28 Sep 2005 Location: Sussex Posts: 1497 ![]() ![]() |
Nah mate but I do a good line in investments |
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Supertrotter Member Since: 10 Mar 2006 Location: Brrrr.... guess where :o( Posts: 9905 ![]() ![]() |
Me too! Hence semi-retirement at 32!!! ![]() ![]() Joint runner up - 2009 Outstanding Contribution Award ![]() WINNER - 2008 �Best Thread� Award � Beautiful Women Of The World ![]() Runner Up - 2008 Comedian Of The Year Award ![]() Runner Up - 2008�s Funniest Incident ![]() 06 RRS TDV6 HSE, Java/Ebony, PTI, Running Boards, Privacy, S/C Grille/Vents, Stormers, Tasmods - GONE - ![]() |
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Chappylad Member Since: 03 Dec 2005 Location: Bucks Posts: 123 ![]() ![]() |
I retired at 36 after 15 years with Volkswagen Head Office. Became bored, after 2 months, with good redundancy package and owns two properties, so I decided to set up my own luxury car hire business and 2 years later, it is now successful. ![]() ![]() |
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Supertrotter Member Since: 10 Mar 2006 Location: Brrrr.... guess where :o( Posts: 9905 ![]() ![]() |
Good man Chappylad!
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Tim in Scotland Member Since: 30 May 2005 Location: Driving along in my automobile Posts: 17476 ![]() ![]() |
................ and where might that be SuperT, I don't think you have mentioned this before have you? 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it 2018 Melting Silver Mini Countryman PHEV - soon to be replaced 2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW |
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TB Member Since: 19 Feb 2006 Location: Depends who wants to know . . . Posts: 5927 ![]() ![]() ![]() |
Tim |
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XXXAngelXXX Member Since: 03 Mar 2006 Location: Krautland Posts: 10894 ![]() ![]() |
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Very Annoyed Site Moderator Member Since: 23 Aug 2005 Location: bat-wielding monkey-spanking tough-love zero-tolerance Euro-sceptic moderator - So just watch it! Posts: 19459 ![]() ![]() |
Surely you have to work to retire? I don't see any of us monkeys working! 2005 Zambezi TDV6 - Gone but not forgotten
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Supertrotter Member Since: 10 Mar 2006 Location: Brrrr.... guess where :o( Posts: 9905 ![]() ![]() |
Sorry boys. Didn't mean to keep you in the dark. Let me explain it all to you. Every last detail. Well........... Runner up - 2009 Best Avatar Award ![]() Joint runner up - 2009 Outstanding Contribution Award ![]() WINNER - 2008 �Best Thread� Award � Beautiful Women Of The World ![]() Runner Up - 2008 Comedian Of The Year Award ![]() Runner Up - 2008�s Funniest Incident ![]() 06 RRS TDV6 HSE, Java/Ebony, PTI, Running Boards, Privacy, S/C Grille/Vents, Stormers, Tasmods - GONE - ![]() |
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tony benett Member Since: 10 May 2006 Location: near barf Posts: 4 ![]() |
Thanks for the replies, I pm'd kam. Palyma One can be voluntarily registered for VAT still I take it? So a D3 Commercial then ![]() ![]() Unless they do a commercial spurt ![]() ![]() ![]() ![]() T |
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