Tax reliefs associated with buying an electric vehicle through your Limited Company
Buying an electric vehicle through your Limited Company
How can you ensure you diversify your business wisely?
Ensure new markets add value to your business
It’s important that the niches identified for any new product or service add the most value to your business.
Steps to take include:
- Critically evaluating the value of entering a new sector: Taking into account the budget available in the short, medium, and long-term prospects of the sector.
- Testing the market view of your idea: Screening for market sentiment, prior to devoting further time or resources to an idea is a vital action to take.
- Testing the economics of your idea: This includes conducting primary and secondary research to highlight niches, as well as informing what price and volume assumptions should be considered.
- Choosing the best way/s to exploit the opportunity: After research and rigorous testing, it is important to determine the right entry model. Should you access opportunity directly, by partnership, joint venture, acquisition, or another model?
Our experience
A wholesaler of luxury fragrance was looking to test consumer appetite for a new perfume concept they intended to retail independently.
We helped identify and poll likely consumers to understand what price premium was achievable given the luxury perfume concept differentiators.
We were able to establish that two price/volume points could optimise profit.
This allowed us to develop a financial model that, in turn, could be used to obtain growth capital.
We can help
Contact us today to find out more about how we can help you
Read our insights here
Legal considerations for doing business in the United States
With the US offering one of the largest consumer markets in the world, it’s no surprise that international businesses often view expansion there as a natural next step. But before setting up a US entity, it’s worth asking a more fundamental question: should you? Whilst the US is an attractive market, it’s also a complex and high-risk jurisdiction. The legal and tax system is layered at both the federal and state levels, employment law is intricate, and the market is highly litigious. Without the right infrastructure, advisers, and capital behind you, entering the US can become an expensive distraction. In a recent webinar hosted by Wilson Elser, a member firm of global association IAPA International, legal experts gave a practical overview of the key considerations for setting up and operating in the US.
Payrolling benefits in kind (BIKs) delayed until April 2027
From 6 April 2027, employers who provide taxable benefits in kind (BIK) to their employees will be required to report these benefits and the Class 1A national insurance contributions (NIC), via their payroll. We answer some of your questions....
Creditors Voluntary Liquidation (CVL) case study
Price Bailey’s Insolvency and Recovery team support a local manufacturing business in navigating the complexities of a Creditors Voluntary Liquidation (CVL).
