[Carl@Cwc]

as far as i was led to believe m8 yes.

as long as they are all standalone businesses. each entity a seperate business with different staff, vehicles etc etc

on another note Huw answer my email pls 

[Seers]

Hello,

And then you would have to pay for three sets of accounts, accreditations, uniform etc and it would still be a grey area...

On another note....I'm falling behind on emails and mini-sites, i'll try and find yours now or better still resend it to huw@nationwidewindowcleaners.co.uk as we have had some issues with the admin@ address with a conflict between blackberry/iPad/desktop deleting emails before we've opened them....nightmare.

Cheers,

Huw

[supernova77]

if 2 seperate sets of full detailed accounts ,doesnt matter surely Huh
you can run 2 different businesses thru one retail outlet, and you have 2 lots of accounts and can prove they are standalone.

Think you better have a read of this >> http://www.hmrc.gov.uk/vat/start/register/when-to-register.htm#7

 

[Carl@Cwc]

if 2 seperate sets of full detailed accounts ,doesnt matter surely Huh
you can run 2 different businesses thru one retail outlet, and you have 2 lots of accounts and can prove they are standalone.

Think you better have a read of this >> http://www.hmrc.gov.uk/vat/start/register/when-to-register.htm#7

 

I COULD PICK LOADS OF HOLES IN THAT LINKY M8 AND I AINT AN ACCOUNTANT.
i pay mine very very well and expect the very best service and advice .
his words were you can seperate any business as long as there are clear and concise boundaries between the 2/3 etc

i was actually trying to help richywilts by swaying him to see an accountant if his business is gonna massivley expand.

but hey ho thats why i love the internet ,it expands my brain ( very little lol)

" ill mail u again by the way HUW"

[H S and Son]

Yes Huw I've had two emails to admin@ returned. Can you confirm if you got them or not please from info@oakleywindowcleaning.co.uk

Sorry to hijack thread Richy.

[stuart mc]

richy well done if you get them mate, here is one slight problem I had when I took on a lot of commercial at once, it needn't be a problem for you of course, but I took a lot on but ran out of cashflow, so was having to work long hard days on domestic and long hard mornings on commercial, just to keep money coming in, some of the stuff I took on I couldn't manage, left me in a bit of a mess, thing is if i had a few K in the bank it would not have been a problem, and 6 months on I am still taking on this work that should have been done back then, but a large amount is lost now, but I just didn't have the finance to take on staff to cover it all, and keep money coming in, as some take a while to pay, so be prepared and good luck

it was a lesson for me, and in the future I know what to do

[red star]

there are other options out there as well
set up another co 1 res and 1 comm then you get 2 x tax ddts and keep your thresholds down also you are able to set up a plant hire co ie rent all your equipment from one co to the  another at a inflated rate
if you are turning over this sort of cash a year it may be worth it
there are all sorts of interesting loop holes out there which your accountant should be advising you on

[William McCafferty]

the simple thing to do if you have both domestic and commercial clients and that is to go on the flat rate scheme, with this you pay 10% of your turnover to the vatman, you can only claim the vat back on purchases of £2000 and over (I think this is the correct figure).

You then charge all your commercial clients 20% on top of your prices for vat, with your domestic clients it up to you, whether you add vat to the price or not.

If you have a 50 -50 business then the commercial will pay for the domestic.

[Helen]

I've been informed the same it's too similar to split the two businesses

Richy, you are right, you cannot split into 2 to avoid VAT

[Helen]

if 2 seperate sets of full detailed accounts ,doesnt matter surely
you can run 2 different businesses thru one retail outlet, and you have 2 lots of accounts and can prove they are standalone.

anyways m8 best of luck ..

Yes it does matter.
Things are a changing aswell, although not official yet. It could be that even if you have totally different businesses, they will be clumped together in the eyes of HMRC. There is a section  about this on the HMRC site, but our accountant informs us that it is being looked at very closely by the powers that be and all could change

[Helen]

there are other options out there as well
set up another co 1 res and 1 comm then you get 2 x tax ddts and keep your thresholds down also you are able to set up a plant hire co ie rent all your equipment from one co to the  another at a inflated rate
if you are turning over this sort of cash a year it may be worth it
there are all sorts of interesting loop holes out there which your accountant should be advising you on

Where on earth did you get this from?

[Helen]

Richy, well done for the enquiries that have come in, hope you do well on them.
When doing your written quotations to them, I would suggest putting lineage of words to the effect " all prices quoted will be subject to vat at standard rate". This then puts you in the frame with others that will be quoting that are already vat registered. I suspect if you get one of these jobs you will have to vat register straight away.My guess from figures you have put before is that you are very close to the lower threshold of vat registration and I seriously would be having a good chat with the accountant about it.

You can also phone up Customs and Excise section (vat) and ask them all that you need to. You can ask for a reference number for the call, and for them to log your conversation. This then is a good point for reference if you have troubles in the future.

The trouble with forums and advise from people is that probably no-one is totally wrong and no-one is totally right, just like Tradders and WFP's, but with vat matters if you are slightly wrong they(HMRC) WILL be down on you like a ton of bricks  and I bet you could do without that at the moment

[red star]

there are other options out there as well
set up another co 1 res and 1 comm then you get 2 x tax ddts and keep your thresholds down also you are able to set up a plant hire co ie rent all your equipment from one co to the  another at a inflated rate
if you are turning over this sort of cash a year it may be worth it
there are all sorts of interesting loop holes out there which your accountant should be advising you on

Where on earth did you get this from?

why
its common practice in construction i had 3 x 360 excavators which i ran as a seperate plant hire co and  hired them to my groundworks co - perfectly legal youll find
why cant this procedure work with the equipment used during window cleaning
but as i said previously consult a specialist  / accountant

[Helen]

there are other options out there as well
set up another co 1 res and 1 comm then you get 2 x tax ddts and keep your thresholds down also you are able to set up a plant hire co ie rent all your equipment from one co to the  another at a inflated rate
if you are turning over this sort of cash a year it may be worth it
there are all sorts of interesting loop holes out there which your accountant should be advising you on

Where on earth did you get this from?

why
its common practice in construction i had 3 x 360 excavators which i ran as a seperate plant hire co and  hired them to my groundworks co - perfectly legal youll find
why cant this procedure work with the equipment used during window cleaning
but as i said previously consult a specialist  / accountant

Exactly that, speak to a specialist. The trouble is that the powers to be change the "rules" all the time and if you get into trouble they do not accept "I didn't realise" as a good enough excuse.
A good accountant will save you money......
A great accountant will save you more....
But you also have to know yourself