Forum

Tax?
 

Hi everyone, newbie here. Basically I'm wondering about the tax implications of using stealth accounts.

Say I set up 4 stealth accounts in 4 friends names as a business seller in the uk, do I just pay tax as if everything was in my name? I don't want to implicate anyone else in my business once I'm up and running with stealth.

Any advice would be appreciated. Cheers

Welcome!!!

Avoid at all costs using friends info for ebay stealth purposes.
Friends, family AND ebay do not mix.

You can create stealth business accounts, use ebay and pay taxes. It takes a little work to do & is not difficult.

Have you a plan yet? :juggle:

Thanks for the reply Greenbean.

I've bought Ebay Stealth, followed the points, wrote them down step by step but before I follow them I thought I'd iron out a few sticking points here.

Taz is obviously the main one. Now the stealth guide says to use family/friends addresses so that when your paypal becomes limited you can provide the documentation easily.

If that is not the case, is there a thread you can point me to as to what I should do instead?

I'm willing to put the work in and I want to get it right more or less first time. So any advice one of the more experienced members can give me is much appreciated.

Was obvious by your 1st post you are doing the hard work to be successful with stealth.
Nice one :thumb:

There's been a change from the info in the book regarding friends/relo's info. Circumstances in the real world changed. Our suggestions these days are to avoid the friends info.

I would make a premier or business account with paypal.
That would allow me to have a business sounding name with ebay.

One thing, there are opitons:)