The four stages any entrepreneur goes through   

The four stages any entrepreneur goes through   

Running a business is not something easy to do and while some people manage to succeed although they do not have a lot of experience, others may fail even if they are More »

Steps to starting a small business

Steps to starting a small business

If you are interested in setting up your own business, then there are a few important steps to follow in the process. Because the business world is highly competitive, it is more More »

Keeping your social media fans engaged – how to attract new followers

Keeping your social media fans engaged – how to attract new followers

Considering that social media marketing is more popular than ever and can have a very important influence on the success of a company, managers will need to always be careful with their More »

 

Should you be driving your personal vehicle for business use?

 

How many times have you thought about driving your personal vehicle for business use? Chances are that this has crossed your mind at least one. There’s not a businessperson that hasn’t contemplated the idea of using their private car. The matter of fact is that there’s no one stopping you from utilizing your automobile. Things might get complicated though. If you wish to learn more on the matter, you should continue reading.

Driving a business car as an employer

You couldn’t resist the temptation and you have sought the 2017 Nissan Altima in Los Angeles. It’s understandable taking into account that the Nissan Altima is the preferred form of automotive transport. Nissan have managed to produce an automobile that is fuel-efficient and has impressive safety features.  You think that it’s not at all a bad idea to use this stunning car for business purposes too. If you have your mind set on doing that, you should definitely have the car insured. Just imagine the following situation: you get hit by another driver and the vehicle is ruined. If the ride isn’t covered, you are required to support the financial consequences. The type of insurance you need to get is business insurance.

Claiming tax relief for using your personal vehicle

You’re not at the top of the company, but neither are you a simple employee. You have a boss, just like everyone else. Since you’re travelling to benefit someone else, you ought to claim tax relief. Tax relief is granted to employees that pay from their own pockets. Using your private ride falls into this category. Determine how much you’ve spent on each voyage and include the result into your daily running costs. It’s needless o stress that you have to monitor all the expenses that you’ve made. If you didn’t do this until now, there’s no better time like the present to start.

Consider the option of renting

If you’re required by your company to travel from one place to the other, you might not want to put a strain on your Nissan Altima. Wear and tear is the last thing that you want. The option of renting is much better. Even if you have to pay for the hire, you’ll get your money back. Make sure you do some research before committing to a rental company. You want to get the best deal possible. Not more, not less.