[blacksheep]

hi guys ,i am going to a seminar about tax and national insurance conttibutions next wed with the development  business trust, is there any questions i should be asking or is anyone not sure on any thing that i can ask while im there ,on your behalf kind regards blacksheep

[Prestige1]

Hi Blacksheep
You could ask them 1 for me?
ask them what are the implications of running two cleaning busineses from the same address 1 comercial vat registered and 1 domestic kept under the £58,000 threshold?
good luck and thanks in advance.
kind regards Phil

[Spiceman]

Phil,
Its the person whom is VAT registered... therefore if you have a cleaninig business as a sole trader and a currier service as well then if the total turnover eceeds the vat threshold ... thats it!! whacko on both. A limited company however is an entity in its own right so abc cleaning sevices and def currier services are ruled by there own entity. So you could have abc cleaners ltd and def sole trader curiers as seperate entities... is that as clear as mud or what...
John

[blacksheep]

hi Phil,he did not want to answer my hypothetical  question, but gave me his card for my freind i think he thinks im running two business ,if you are worried or need to ask any thing his name is nick.hobbs@hmrc.gov.uk  or tel 01633 261618 fax01633 223686 or mobile 07799 340295 regards blacksheep

[Prestige1]

Thanks for that Blacksheep.
John
My company is ltd, but I still feel that there would be implication to run from the same address. My accountant is looking in to it thanks kind regards Phil