Hi All,
I would like to discuss a small plan with you guys just to get some ideas about if it is feasible or not?
I am planning to open a company which I will be using to do some IT contracting work 4 days a week. I will be 100% shareholder of that.
I am also planning to make a website lets say something like facebook but with limited scope. Can my company invest into this website by paying lets say fees for hosting, hiring some contractor for design/development work and/or maintenance. I am planning to hire someone in India or using the freelancer websites to get this website done. Are these expenses/investment allowed from HMRC point of view?
Of-course any earnings from this website will also go to my company but it might take some time to get a first paid customer.
Any thoughts?
I would like to discuss a small plan with you guys just to get some ideas about if it is feasible or not?
I am planning to open a company which I will be using to do some IT contracting work 4 days a week. I will be 100% shareholder of that.
I am also planning to make a website lets say something like facebook but with limited scope. Can my company invest into this website by paying lets say fees for hosting, hiring some contractor for design/development work and/or maintenance. I am planning to hire someone in India or using the freelancer websites to get this website done. Are these expenses/investment allowed from HMRC point of view?
Of-course any earnings from this website will also go to my company but it might take some time to get a first paid customer.
Any thoughts?
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