Month: January 2022

Home / Month: January 2022

Own car or company car for business use?

January 10, 2022 | Business, Sales | No Comments

car-use

If your business needs a car, you can have it registered under the name of the company. However, you can also use your own car for this. Which is the most economical form, depending on the various factors? Consider sales tax, sales tax, and income tax. What is beneficial also depends on exactly what the car is used for in the company or business sector.

Differences in Buying a Home or Business Car

If you want to buy a business car like for example a Honda SUV 2021, you can buy it both personally and for the company. There are tax differences in this choice. If you buy a business car, it will be part of your company’s assets because it is registered under your company’s name. On the other hand, if you use a private car for your business, that car will be your name. The vehicle is part of your private property.

The choice affects how costs are handled in management. For both income tax and VAT, you need to determine the capital to which the car belongs. It’s irreversible like this, so it’s important to think twice in advance.

The decision of company car. The car is part of the working capital

The first option is to buy a company car registered with your company name. This allows you to drive only for your business, so all costs can be accounted for as business expenses. Fuel, VAT, vehicle tax, maintenance fees, parking fees, and insurance can also be deducted. After all, it’s a resource. This is a viable option for those who still have their own car and use it for shopping or vacationing.

Buying a car on behalf of the company does not mean that it cannot be used personally. Anyone who does more than just use a car for work must deal with the problem of addiction.

Sales tax

Sales tax can be deducted from the sales tax paid by the company for business purposes only. You need to calculate VAT for your own business. If you use your company car for personal use, you will have to pay VAT. This amount can be determined in two ways. On the one hand, you can hold a kilometer registration that allows you to calculate VAT through the tax office. In addition, you can calculate 2.7% of the car catalog values, including VAT and BPM (passenger car and motorcycle taxation).

In its latest report, Nestle USA looks at some big trends shaping the food and beverage industry. Take a look at these food and beverage trends that Nestlé USA predicts will shape the food industry in 2022.

New Working Habits

Because of the way Americans work has changed, lunch and breakfast can be a good time for companies inspired by what’s happening in the kitchen. During COVID, 47% of adults ate at home everyday, compared to only 37% for breakfast and 26% for lunch pre-COVID. As a result, consumers are looking for more designated at-home dining options.

Coffee also has changed. It’s no longer just a caffeine boost — it’s become another ritual we use to start the day. Millennials who worked at home during COVID reported higher satisfaction with their coffee routine than those who worked outside their homes. Nestle is making sure they’re using digital content to create an experience that makes you feel like you’re at home with your brew.

The Emergence of Snacking Routine

According to data from The Hartman Group, more than half of consumers snack more often now than they did just one year ago. Nestle is focusing on appealing to different generations of snackers in 2022.

Plant-based Foods

Dairy-free coffee creamers are becoming more common as younger consumers choose to adopt plant-based diets. This is a positive trend because plant-based diets can reduce the likelihood of obesity and certain cancers and may help extend lifespans.

 

When it comes to buying a car, many people have a strong opinion and preference for Audi as there is no doubt that this German brand of automobile has its own unique appeal. Apart from these cars being stunningly attractive which easily catches the attention of pedestrians and motorists, Audis are also smooth drive, very comfortable and is brimming with cutting-edge technology providing the finest performance whichever model you choose.

Audis are luxury cars but has become economically viable, accessible in the mainstream market, and available to most consumers. Still, brand new Audis can cost so much. So to save more money but still get value for their purchase, many would opt to purchase a preowned Audi.

Audi VIN Check

To make certain you know all about the preowned Audi you are purchasing as well as to avoid being scammed, it is important that you do an Audi VIN Check which Vinspy offers. By checking the VIN of the vehicle, you will know essential information, such as the original production details of the vehicle, if there is any history of it being in an accident, and how many times it was bought and sold. Read more info about VIN number here – https://businessmotoring.co.uk/what-is-a-vin-number-and-what-is-it-used-for/.

If you aren’t careful, the used car you bought could lead to added expenses which can cost thousands. This makes Audi VIN Check very important and necessary together with a pre-purchase Audi inspection, which will aid in abating the potential damage that can happen to the vehicle to be procured. During the inspection, electronic fault memory checks are performed, the vehicle’s mechanical part is inspected, a review on the visual condition of the vehicle is carried out, and where mileage check is done via the Audi’s official maintenance history.

Starting A Used Car Dealership

Increasingly more people are opting to purchase a preowned car, where in 2019, the market of used car earned over 118 billion USD in revenue. This kind of business might be ideal for people who are interested in selling vehicles without the need to buy a franchise from a major automobile manufacturer.

A lot of used car lots are owned independently and this would include a range of car makes and models that come in varying conditions and costs. So, if you are considering to start your own independent used car dealership, there is plenty of room for you to begin. But, similar to other kinds of businesses, there are a few things you need to know in order to increase your chances of having a successful car dealership.

Do Market Research

While there is room for you to start, it is important that you have an idea of what the market looks. Learn more about your target consumers in your locality, the kinds of cars they want, the type of dealership they want to transact with, and how the competition is.

Determine a Niche

Although a lot of used car dealership don’t exclusively affiliate with just one automobile manufacturer, determining your niche will be very beneficial. You can decide to sell a single car brand or have a particular price point. Knowing your niche will help you market your brand to your target audience more effectively.

Know and Understand the Regulations

There are federal rules and several states as well as local communities have regulations that are true to car dealerships. So, it is necessary that you do your research about this and to comply. Make certain that you also have the proper licenses and permits are fully registered to legally operate.