Michael Sohor & Co is now known as Tamen Accountants. This is a name change only - we are the same dedicated team, and look forward to serving our valued clients for many years to come.
It depends on the type of car you are considering. Generally, cars which run on petrol or diesel alone are not worth running though a company; the benefit in kind (BIK) tax is too expensive.
Hybrid cars and pure electric cars are very tax-efficient, and therefore might be worth putting though a company.
However to benefit from the most generous tax deductions in your company the car must be new and unused and 100% electric. This means a significant financial commitment.
Our tax experts we can make sure all your tax returns are filled out and submitted in the most efficient way. Get in touch to find out more about our tax return services.