What is Benefit-In-Kind and Company Cars

Benefit in Kind (BIK) tax applies to employees who receive perks from their employer that have a monetary value—such as a company car. If you drive a company car for personal use, it is considered a taxable benefit, and you'll need to pay BIK tax.

Key Accounting Dates for UK Businesses in January 2025

We highlight the key accounting dates in January and provide tips on effectively managing your obligations during this important time.

What expenses can I claim as a Sole Trader?

Discover the business expenses you can claim as a sole trader. From mileage and office supplies to accommodation and training, find out how to reduce your taxable profit

Should I have a company car, van or motorcycle?

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What business expenses can I claim as a Limited Company?

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Lunch expense – can you claim?

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Accounting Wise is a trading style of Accounting Wise Ltd, a limited company registered in England under company number 09365202. Our registered office is: The Carriages, Station Road, Ware, SG12 9PL UK.

Content is for general information only. Always take advice.