Should You Keep Your Company Car for Private Use?
Are you considering whether to drive your car privately or register it as a business asset? This is a common question for many entrepreneurs. It’s often assumed that putting the car on the company’s books is automatically beneficial. However, that’s not always the case. In this article, I’ll explain the rules for company cars, what you should take into account, and when it’s advantageous to register the car as a business asset.