- Joined
- May 5, 2012
- Messages
- 1
- Reaction score
- 0
Hi,
I am self employed, and trade as a sole trader.
I also have a dormant Ltd company.
Companies house have told me that as soon as I start trading the Ltd company stops being dormant, I do not need to inform them as soon as I start trading Ltd.
I have issued invoices as a Ltd Co. as I need the Ltd status for certain parts of my job where I install things I make - and wish to limit my liability in case in the unlikely event something I install hurts someone and there is a claim against me (I already have Public Liability insurance for th Ltd Co.).
I have so far issued invoices for the install under the Ltd co. and the goods I supply as a Sole Trader.
I guess at my Year End when I need to submit accounts for the Ltd Co. is when I need to account for all the sales under Ltd.
Can I trade as a Sole Trader and Ltd at the same time like this.
I also do my own Tax Return as Self Employed, do I need to use an Accountant to prepare figures for Company House, and how do profits and tax (I assume it would be corporation tax) work with my tax return.
Thanks
I am self employed, and trade as a sole trader.
I also have a dormant Ltd company.
Companies house have told me that as soon as I start trading the Ltd company stops being dormant, I do not need to inform them as soon as I start trading Ltd.
I have issued invoices as a Ltd Co. as I need the Ltd status for certain parts of my job where I install things I make - and wish to limit my liability in case in the unlikely event something I install hurts someone and there is a claim against me (I already have Public Liability insurance for th Ltd Co.).
I have so far issued invoices for the install under the Ltd co. and the goods I supply as a Sole Trader.
I guess at my Year End when I need to submit accounts for the Ltd Co. is when I need to account for all the sales under Ltd.
Can I trade as a Sole Trader and Ltd at the same time like this.
I also do my own Tax Return as Self Employed, do I need to use an Accountant to prepare figures for Company House, and how do profits and tax (I assume it would be corporation tax) work with my tax return.
Thanks