Advice on business structure?
Discussion
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
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
Definitely speak to an accountant as this has IR35 written all over it.
https://www.gov.uk/guidance/understanding-off-payr...
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