savings - Forum - Landscape Juice Network2024-03-29T14:04:23Zhttps://landscapejuicenetwork.com/forum/topics/feed/tag/savingsTax implications of using savings for van purchase?https://landscapejuicenetwork.com/forum/topics/tax-implications-of-using-savings-for-van-purchase2012-01-01T12:43:33.000Z2012-01-01T12:43:33.000ZAnthony Toophttps://landscapejuicenetwork.com/profil/AnthonyJDCMaintenance<div><p>Im intending to replace my van within the next month or so</p><p>Initially i was going to get a loan but decided it was pointless paying interest when i have plenty of savings earning next to nothing in interest so might as well use that</p><p>I have about £1000 spare in the business to go towards the van, once the tax bill is paid and from savings i want to add a max of £5000 to get a decent van, that will then hopefully last me for the next 5yrs or so</p><p>My question is, how do i pay back that money to myself from the business, is it a simple case of taking out an amount each month depending on earnings etc with no tax liability or would it incur tax as normal earnings, i know interest on a loan for example is tax deductable, but not sure how things stand when using your own savings for the business?</p></div>Landscape Juice Network fuel cardhttps://landscapejuicenetwork.com/forum/topics/landscape-juice-network-fuel2011-01-18T12:02:52.000Z2011-01-18T12:02:52.000ZPhil Voicehttps://landscapejuicenetwork.com/profil/philvoice<div><p style="text-align: center;"><span style="color: #339966;"><strong><a href="http://www.discountfuelcards.co.uk/landscapejuice/" target="_blank"><span style="color: #339966;">The Landscape Juice Network fuel card</span></a> partnership deal means that you can now enjoy real fuel cost savings, with free credit and reduced administration, backed by personal service and security.</strong></span></p>
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"Had mine two weeks now, used a few times. So much easier to use!! And every Monday you get a text or email telling you the weekly price. Great service!" - <a href="http://www.landscapejuicenetwork.com/xn/detail/2074886:Comment:240165" target="_blank"><span style="color: #339966;">Steve Wilkinson of Sonic Landscaping</span></a></strong></span><br />
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<span style="color: #339966;">Landscape Juice has negotiated preferential rates for Landscape Juice Network members.</span><br />
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<li>The annual savings calculation is based on a saving of 3p/litre against the national average pump price. Savings may fluctuate depending on region and market conditions.</li>
<li>Online account so you can monitor fuel usage - use the data for calculating costs per mile etc.</li>
<li>No costs to you for setting up accounts of for the cards</li>
<li>Credit account - cashflow benefits - payments by direct debit on 15th of each month</li>
<li>No more receipts to lose as all information is online and by statements sent to you</li>
<li>Easy management if you run a small fleet</li>
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This card scheme would be open to all members (even if they are one-man-band/part-time).<br />
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As part of the scheme, the card company will keep you abreast of fuel news - where's cheapest in your area etc.<br />
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<strong style="color: #ff0000; text-align: center;">"I received my first invoice today. The pump price was £1.35.9/L  - We were invoiced at £1.30, saving me 6p/L - Or nearly £8 on my first bill" <a target="_blank" href="http://www.landscapejuicenetwork.com/xn/detail/2074886:Comment:240527">Gary Cobb at Acer Paving and Landscaping</a></strong></p>
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