Buying or leasing a vehicle through your franchise business can seem like a fairly straightforward business decision. But when it comes to company vehicles, the price you pay for the vehicle is only part of the story.
Although HMRC has delayed the move to mandatory payrolling of most Benefits in Kind (BIKs) to April 2027, it’s still very much on the not so distant horizon.
Many business owners are surprised to discover they owe money back to their own company. After all, if you’re the director and shareholder, surely it’s all your money anyway? Well…not quite!
Fiona Grant-JonesWhen it comes to working out the difference between your accounts for your franchise business and your bank balance, it sometimes seems that everyone is talking a different language – potentially none of which you fully understand!
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