Hi everyone, I'm just going to explain my situation and if any of you could offer advice it would be greatly appreciated, (Im in the UK):
Over the last year I have made around £100,000 from various websites I set up.I received the money via cheque and deposited them in my barlcays current account. I also made that money when I wasn't registered as a business. I'm assuming this means I fall into paying tax as a sole trader....
And if so the rate will be extortionate (up to 40%). Is there a way I could incorporate now, so that I pay just 19%... and pay 19% on those earning even though they were paid into my bank when I wasn't registered?
Thanks,
Alex
P.S: Also if anyone happens to know of any viable schemes such as reinvesting in the business, etc please say
P.S. Could I for example buy a ready made shelf company formed 2-3 years ago, so that I can say I earned the money when I was incorporated, see:
http://www.sfsgo.com/shelfcompanylist.asp
2007-01-24
08:55:04
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2 answers
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asked by
Anonymous