@jaiharji4840 2 ай бұрын
Amazing content. As usual. Can. You do a video on investing excess profits into stocks? Is the best to open a separate company and loan the company cash from the original?
@HeelanAssociates 2 ай бұрын
Will see what we can do! Always a difficult one on investing due to professional regs but will see what’s possible
@xxxMrBadExamplexxx 2 ай бұрын
Can Ltd company invest in stocks, gold, crypto?
@alijawad2042 2 ай бұрын
Thanks for the good tips and brilliant advice
@HeelanAssociates 2 ай бұрын
Glad it was helpful!
@mariolyubenov522 2 ай бұрын
Thanks for the video, very informative. Someone told me you can use the advisory fuel rates if you’re an employee that uses a company car (they’re much lower than the £0.45/mile allowance), but the benefit of that is you can deduct actual cost for vehicle maintenance, insurance etc. Is that how it works?
@HeelanAssociates Ай бұрын
So yes the company would usually bear cost of the vehicle and running costs, but you’d claim the advisory rates for fuel (and pay fuel yourself) This is often done as the ‘benefit in kind’ generated by the company for fuelling a vehicle is pretty harsh.
@mariolyubenov522 Ай бұрын
@@HeelanAssociates Ah right, so the director pays for the fuel personally (not a business expense), but the benefit in kind is avoided, and that works out to be a better option?
@MuratSahin-on8jz Ай бұрын
Hello sir ı opend a company 6 months ago and ı never used it so my company is dorment bu tı never made a tex retern or comfermationt statement ad dont . Now ı whant to close my company becouse ım not going to youse it what should ı do pleace help me. Thank you for your time
@HeelanAssociates Ай бұрын
You should investigate whether this will be the next action for you www.gov.uk/government/publications/strike-off-a-company-from-the-register-ds01
@thethinkingman2005 2 ай бұрын
Do you need receipts?
@HeelanAssociates 2 ай бұрын
For the mileage, technically no fuel receipts are needed, although it always helps to store proof you actually incurred expenses.
@AwayYeGo 2 ай бұрын
Can I claim mileage if I run a motorcycle tour business and the bike I’m using is my own personal bike ?
@HeelanAssociates Ай бұрын
If you are carrying out qualifying business travel on a person motorbike yes, you can claim the appropriate rate.
@geoffcarlton4047 2 ай бұрын
Great stuff, I always get a bit confused when doing my self-assessment as I'm never sure to include the mileage claims as income and then class them as an expense (so I don't pay personal tax on them). I actually leave them off completely and have done for a few years. I wonder if they'd pull me up on it?
@geoffcarlton4047 2 ай бұрын
@user-cn4wf9ud8p takes me 10 minutes a year, and I'm already bending the rules as far as I'm comfortable with.
@HeelanAssociates Ай бұрын
If you are charging mileage to a customer you’d usually show as both an income and a cost.
@jamblpaints8453 Ай бұрын
Wait wtf I remember you from when you were doing a different type of content 😂
@HeelanAssociates Ай бұрын
. . Yo yo yo.
@jamblpaints8453 Ай бұрын
@@HeelanAssociates what a throwback 🥲
@HeelanAssociates Ай бұрын
I’m not sure that content will ever return, but would love a hobby return at some point! Bug never leaves you.
@jamblpaints8453 Ай бұрын
@HeelanAssociates if my channel ever gets big enough you can come on as a guest, we'll play 6th ed and if I win you have to do my taxes
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