Re: Setting up Ltd company
Hi, its more then doable. I ran a LTD company with all stealth accounts for eBy, Amazn and Ets. I was even paying VAT on all of it once I went over the threshold.
The LTD company was of course set up in legit details with a legit business bank account. All I used to do was transfer the sales money from personal accounts all into the business account. eB invoices would be available monthly, ET and Ama would be weekly. After I had the invoices, I'd add them to my excel cashbook which would be passed to my accountant at the end of the tax year.
I never told my accountant I was using "Stealth", just simply said I have multiple accounts. I've paid taxes on stealth for 6 years without issue. I have a mortgage and everything from this business so it can work.
No idea what would happen though with a tax investigation because of the stealth accounts, but you should always pay every penny owed and hope for the best.
Good luck.
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