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Any UK accountants out here?
 

I need help to set everything up right for stealth, willing to pay for help.

Re: Any UK accountants out here?
 

Go on yelp and search for accountants in your area :)

Re: Any UK accountants out here?
 

They wouldn't know what ebay and amazon is, let alone explaining stealth concept xD

Re: Any UK accountants out here?
 

Search the Forum

You will find A to Z Information Regarding Accounts

Dont be lazy and search for your own good

Re: Any UK accountants out here?
 

^ I don't think he wants an account, he wants an accountant.

Don't be lazy and open your eyes and read the post man :)

Re: Any UK accountants out here?
 

most will tell you to do one. Try smaller accountants

Re: Any UK accountants out here?
 

I might be talking out of my arse here, BUT:

Why not just find a regular accountant and just say that you do online sales and thats that? Surely you don't need go into DEEP details about how you change IP and how Stealth works.

Accountants need to know what you make and how much you spend, to get you started- They don't need to know how you hold the scissors when you cut the shipping labels or how many feedback stars you have.

Re: Any UK accountants out here?
 

^ agree with you

Just keep everyone happy that needs to be.

This day and age too many accountants to choose from and due to that fact..... well... you know the score :)

Re: Any UK accountants out here?
 

your HMRC wants to know the amount of income you get less costs and that called profit or loss.

The accountant tells the HMRC how much profit or loss you made on your behalf and the tax you will pay HMRC less any tax refunds.

Re: Any UK accountants out here?
 

Haidukken arktech
it's about the names on the invoice... I'm dropshipping from Amazon to eBay, so in order to buy from amazon, I purchase under a different name, therefore my INVOICES are on a different name.

Now INVOICES are needed as a proof, that 80% if not more, of the money which came to your accounts, went for purchase of the sold product, therefore are an EXPENSE.

If you are not able to prove that 80% of your money went to EXPENSE, and were not spent for blackjack and hOEs, than you will have to pay tax on the full amount, which was incoming to your bank account.

Therefore you...to say politely, are in rather uncomfortable situation with HMRC? Actually, that will leave one in a good amount of debt with a tax office.

Re: Any UK accountants out here?
 

Or may be my system is rigged... I'm not sure. Because I withdraw money from PP to my bank account, than use this money to buy an Amazon gift card ( via card) and than proceed with purchasing an item for my buyer.
But would it be any more different, if I bought a gift card with PayPal ? invoice would still be on the different name.

Re: Any UK accountants out here?
 

Since the invoice will be on stealth name so you can't use this and you have to pay tax/vat on full money you received from paypal

Unless you buy stock on your real name

Re: Any UK accountants out here?
 

Invoices are so easily manipulated - don't know why it's such an issue - just pay taxes, etc - if really needing input though, you need a proper financial professional.

Re: Any UK accountants out here?
 

Know somebody here if is real possible -

Buy from somebody - Stealth UK EB & PP account and then login to this accounts in US webside - I mean : here : www.ebay.com ( then could be I list on US ebay - and US ebuyers can see my listing, right?)

T.