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PAUL ERITH

How to declare a web based second income
« on: March 30, 2013, 10:24:27 am »
Hi

Looking at setting up a web based second income business offering a different service & trading name to the one i already have.

How do i declare/run this second business i'm self employed is it just as simple as put all income and expenses on one spread sheet and adding a second trading name to my business account  ??? ???

Thanks Paul
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mattstanley

Re: How to declare a web based second income
« Reply #1 on: March 30, 2013, 10:48:25 am »
Ask your accountant
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PAUL ERITH

Re: How to declare a web based second income
« Reply #2 on: March 30, 2013, 11:19:54 am »
He's on holiday  :)

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dave0123

  • Posts: 3553
Re: How to declare a web based second income
« Reply #3 on: March 30, 2013, 11:23:02 pm »
basically as uv already said.. however id keep my bank accounts separate.. when it comes to accounts it has to be shown on your tax return the full amount of both business.. hence y ur accountants ask if u received any money from anywhere else as in bounds/shares/ etc
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Dave.
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