HomeHome SearchSearch MenuMenu Our productsOur products

Stressed out about your company cars? Don't be. We have the solution for these two common company car anxieties

by , 30 September 2014
Are you thinking of getting a company car, but your anxieties are holding you up?

You're not alone. Many business owners worry about getting company cars for many reasons. These include its high rate of depreciation, or what happens if your employee crashes it.

That's why we're here to relieve your anxiety and help you make your company car decision.

To do this, we're going to give you the solution to these two company car worries...

 

These two solutions will take care of all your company car anxieties 

 
1. The high depreciation rate
 
Business owners worry that getting a company car is a waste of money because it's an asset that depreciates very quickly. 
 
This means they could lose even more money on that car and make a massive loss when they sell it.
 
But don't worry about this! We have the solution: Depreciation tax deductions.
 
You can claim the amount the car depreciates by as a tax deduction each year. This means you don't lose any money as the car gets older.
 
Here's the second solution to your company car anxieties.
 
*********** Advertisement ************
 
Put a stop to all your company car and travel allowance headaches today with this one tool
 
Get the answers to your biggest company car and travel allowance questions right now and avoid being hunted down by SARS for making costly mistakes.
 
 
***********************************
 

Here's another solution to an even more worrying company car problem

 
2. What if your employee crashes the car?
 
You may trust your employees to drive the company car carefully, but even the most cautious drives have accidents sometime. 
 
If you think this disaster will put a serious hole in your company's bottom line if the insurance doesn't pay you enough, you shouldn't.
 
This is because you can claim a scrapping allowance. If an asset no longer has any use, you can scrap it and claim a tax allowance on the loss. 
 
There you have it. Now that you know the solution to these two problems, you can go a head and get that company car without unnecessary anxiety. 


Recommended Product: Your Fringe Benefits Problem Solver. With 77 answers to your questions.


Related articles




Related articles



Related Products



Comments
0 comments


Recommended for You 

  Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance



Here are all the most interesting, thought-provoking and common tax questions
asked by our subscribers over the last tax year – everything from A to Z!

To download Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance click here now >>>
  Employees always sick? How to stop it today



Make sure you develop a leave policy to regulate sick leave in your company.

BONUS! You'll find an example of the leave policy and procedure in this report.

To download Employees always sick? How to stop it today click here now >>>
  Absenteeism: Little known ways to reduce absenteeism



This FREE e-report will tell you how you can reduce absenteeism in your workplace while avoiding the CCMA and without infringing your employees' labour rights.

To download Absenteeism: Little known ways to reduce absenteeism click here now >>>
  7 Health & safety strategies to save you thousands



Don't let a health and safety incident cost you one more cent. Implement these seven
strategies in your company today.

To download 7 Health & safety strategies to save you thousands click here now >>>