what are my options as a uk national digital business

[implin]

hey everyone

i am trying to piece together what my options are. i work online and charge clients with paypal/stripe.

i intend on living in the uk for now but might try living in a different country at some point.

do i open a uk ltd and a us llc and bill my ltd to keep profits low? maybe go sole trader and do this?

do i open an offshore company and then what? declare only some income for the uk? how do i buy things for myself in the uk, personal or business cards?

i have read about the mentor forum but would like to get an outline of things before considering paying for the how-to's.

if someone can shine a light on anything that would be great.

thank you for reading.

 

[Martin Everson]

implin said:
do i open a uk ltd and a us llc and bill my ltd to keep profits low?
Click to expand...

No

implin said:
maybe go sole trader and do this?
Click to expand...

An option

implin said:
do i open an offshore company and then what?
Click to expand...

No

implin said:
declare only some income for the uk?
Click to expand...

No

implin said:
how do i buy things for myself in the uk, personal or business cards?
Click to expand...

Either

implin said:
i have read about the mentor forum but would like to get an outline of things before considering paying for the how-to's.
Click to expand...

I published in Mentor Group an example on how to make max deductions with UK Limited.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[implin]

thx for the reply. with your mentor group you are saying to use a uk ltd and not sole trader?

 

[Martin Everson]

Just use a UK limited and make as many expense deduction as you can to reduce your effective tax rate. I just walked through an example in Mentor group but a good accountant anyway can do the same anyway.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.