Tax Implications of Business Car Leasing

Leasing company cars and vans, rather than buying them outright, is well established for businesses. It provides known, easily budgeted costs with no hidden surprises and predictable cash-flows. The most popular type of vehicle leasing for businesses is contract hire.

The positive tax implications of leasing a company car are a key reason that this form of leasing has become so popular. In this article, we look at this topic in more detail […]

2020-04-28T19:53:18+00:00March 10th, 2020|Categories: Accounting, Asset Finance, Contract hire, Vehicle Finance|

The Simple Guide to IFRS 16: What You Need to Know

IFRS 16 is a new International Financial Reporting Standard for lease accounting which came into force on 1 January 2019. It replaced the existing IAS 17 accounting standard and was introduced by the International Accounting Standards Board (IASB).

At first glance, it’s a complicated piece of accounting legislation which could potentially be difficult to navigate. On closer examination, however, it’s fairly straightforward to understand, but could be less so to implement.

Here we try to make […]

2020-04-19T07:53:06+00:00March 5th, 2019|Categories: Accounting, Asset Finance, Contract hire, Vehicle Finance|