In a recent article, I cautioned about the risk of fringe benefit tax by operating a company motor vehicle as part of a small business. Until recently, if a company car had personal use, it was subject to fringe benefit…
Sale of company business – tax implications
Some time ago I dealt with a case typical of poor business tax planning. I’ve changed the figures and details to preserve confidentiality, but the income tax issue I highlight is real – and common. My clients, a middle aged…