Connect stealth with a company

[SWORDFISH497]

Anybody got any idea or have connected stealth with LTD company and registered VAT? How do we do the tax returns with stealth accounts? kindly share your experience, Thanks.

[Den]

also interesting

[zamzam]

Keen to hear on this one too..

[Play]

You don't want to link your LTD company number of VAT registration details with an eBay or PayPal account. They could easily check the real details behind those and limit you if you were previously suspended.

But rather what you should do is have multiple accounts. Keep below the threshold so eBay/PayPal don't flag up.

Then for your taxes, you would report them as per usual. Export your PayPal transactions into a spreadsheet. Keep a log of them there.

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Your essentially doing the same thing as you normally would, but your just not linking your company with eBay/PayPal accounts.

If your a LTD company, it would be a good idea if your PayPal withdrawals go into your business bank account(s).

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Lastly, speak to an accountant for more advice. Not many people here are qualified to give you the such advice.

[Ebayorbust]

As Play has said, do not attach a legit VAT number to any stealth ebay accounts as the details are easily verifiable.

Keep under the VAT threshold on each stealth account and most importantly speak to an account.