I am about to start my own company, and open a franchise within the next few months.
I have not spoken to an accountant about this topic yet, but just wondering if anyone out there knows a little about it. Maybe an accountant or a business owner?
I am just wondering what loopholes or if there are any ways of buying a vehicle and claiming it under the business name to reduce tax. Is this possible? Are there restrictions on the type of car, cost or wether it is bought second hand/new? This may have something to do with leasing yes? I am a bit of a novice when it comes to this.
Any help, or if anyone can point me to an online guide or forum that may be able to help me answer some questions?
Thanks in advance!