RE: FN-FORUM: tax / sole trader names question

date posted 21st January 2005 14:51

OK that seems fine then. Great, thankyou!

-----Original Message-----
From: [EMAIL REMOVED] [EMAIL REMOVED] Behalf Of john m
Sent: 21 January 2005 15:18
To: FN-FORUM / [EMAIL REMOVED]
Subject: Re: FN-FORUM: tax / sole trader names question



I would imagine that so long as they go the tax they felt was due, then
they would be happy.

As far as my trading name goes. I just opened a bank account in that
name,
and then on my tax return I fill in the Self Employed section where it
asks for the Trading name.

So I cant see any problems so long as he declares what he gets.

j


On 21 Jan 2005, at 14:43, Richard Monk wrote:

>
> Just another question for the day, partly in relation to what some of
> you
> were discussing in earlier threads concerning using a 'business name'
> to
> describe a sole-trader, accepting cheques under this name, etc.
>
> I have been in contact with a colleague in the past who has been using
> two
> different 'trading names', call them 'GraphicsCo1' and 'GraphicsCo2',
> and
> accepting consultancy work from a variety of employers whilst billing
> under
> these names. There are two questions I have relating to this -
> obviously if
> he is paid to 'GraphicsCo1' then the bank were willing to accept
> cheques
> payable to this name, but does the inland revenue view this as ok?
>
> Equally, does he need to register these trading names with Companies
> House
> or anything? I had noticed that both names were already the names of
> existing companies.
>
> I am convinced that he may be trying something a little dodgy on in
> terms of
> IR, but I have no real idea of how a lot of this works.
>
> Rich.
>
>
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