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Are you a registered company?

by RyanGillam
9 replies
I.e.

Do you pay tax on your online marketing activities. Whether it be web design, selling products or whatever.
#company #registered
  • Profile picture of the author dylanloh
    Yeap I'm one that does. Your point in asking this is?
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  • Profile picture of the author Jit Lim
    Originally Posted by RyanGillam View Post

    I.e.

    Do you pay tax on your online marketing activities. Whether it be web design, selling products or whatever.
    Hi Ryan. If you are serious about doing this fulltime, you need to treat it like a business, ie get your paperwork right. There may be tax advantages as well to offset expenses related to your business. All the best!
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    • Profile picture of the author RyanGillam
      Originally Posted by Jit Lim View Post

      Hi Ryan. If you are serious about doing this fulltime, you need to treat it like a business, ie get your paperwork right. There may be tax advantages as well to offset expenses related to your business. All the best!
      I have already set up as a company and pay the relevant corporation tax on my profits (up until recently i was a sole trader so paid standard tax + National Insurance Contributions as well). I was just wondering whether anybody else does this
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      • Profile picture of the author Jit Lim
        Ahhh... okay. Sorry I assumed otherwise .

        I have a company structure as well and keep a detailed P&L for tax purposes. That helps me sleep at night and not worrying about the next tax audit!
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  • Profile picture of the author James.N
    This last year Paypal made you enter your Tax ID (SSN or EIN etc) If you made X amount through their site. It's possible hes in a country that does not require this but it seems as though Paypal is starting to enforce this more.
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  • Profile picture of the author advanced25
    i am sole owner. Planning to register my company soon or later
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