Hi, I am a married 45 yr old woman just about to leave my job to become a self employed training and marketing consultant.
I have secured my first consultancy and agreed monthly services which will amount to around £22k per year plus they will pay me 40p per mile and provide a paid mobile strictly for me to use for their group. I also intend to do other work for other clients.
I also need to buy a car and believe there are tax allowances on new small vehicles.
I would like to know how best to operate from the start. Would it be worthwhile in getting a loan to buy a new small car, what would be the advantages and as I would invoice the company each month for mileage would I just claim that as income and offset the business % of the running costs (petrol, tax, insurance etc) as an expense?
Many thanks for your help...I'm feeling a bit daunted by it all!
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