Advice on business structure?
Advice on business structure?
Author
Discussion

WarnieV6GT

Original Poster:

1,314 posts

216 months

Saturday 14th November 2020
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Hi guys,

I know I need to see an accountant but I'm not sure they are allowed to be open or not?

I'm just after a little advice over the weekend to give me something to think about until I can see one if possible..

I've recently set up as a car trader from home. This is just small time with 3-4 cars a month. So far I have a couple of cars, trade plates and motortrade insurance.

I also will be starting a job on a self employed basis next week. This will involve being a sales agent for a confectionery wholesaler. My main income will come from this.

I set up the car trader side as a fallback as finding work has been difficult since I sold my business.

I will need a car as well for the 'job' so will be sorting out a tax efficient lease car, possibly electric? I will be given a car for the 1st 6 weeks paying a small amount of rent.

The job will be long term so I need to find a tax efficient way to set up both?

Any advice would be more than welcome


MadProfessor

253 posts

149 months

Thursday 26th November 2020
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Definitely speak to an accountant as this has IR35 written all over it.

https://www.gov.uk/guidance/understanding-off-payr...