ltd company retail shop owner wants to do driving on same company

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BolshieBastard replied

11 December 2015, 19:44
Originally posted by hgvtrucker View Post

i own a retail shop and business goes very slow in winter so i have closed for a few days in the week . Is it ok to do hgv driving work on the same ltd company to help keep the shop going ie contribute towards rent and shop bills etc or would this have to be done as a seperate business thanks

Yes, its OK to run more than one line of business through a single limited. Ive done it and it didnt create any problems for the accountant, HMRC or anyone else!

Just make sure both income streams and their expenses are readily identifiable.
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MrMarkyMark replied

11 December 2015, 13:36
Originally posted by fidot View Post

No, you see it because you have visited the page on emovieposter.com and therefore the image is in your cache. I first saw the "wagging finger" image, but after I went to the referenced emovieposter.com URL, the correct image was shown in the forum.

Thanks! Hopefully this one is better
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fidot replied

11 December 2015, 13:28
Nothing to do with firewalls

No, you see it because you have visited the page on emovieposter.com and therefore the image is in your cache. I first saw the "wagging finger" image, but after I went to the referenced emovieposter.com URL, the correct image was shown in the forum.
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MrMarkyMark replied

11 December 2015, 13:13
Originally posted by northernladuk View Post

Image linking fail is a bannable offence..

Its funny I can see it fine.

However, sometimes I cannot see others, must be firewall
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northernladuk replied

11 December 2015, 12:56
Image linking fail is a bannable offence..
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MrMarkyMark replied

11 December 2015, 12:54
Originally posted by LucidDementia View Post

Slightly? lol

I disagree. Lots of truckers in there
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LucidDementia replied

11 December 2015, 12:51
Originally posted by MrMarkyMark View Post

Slightly off topic, but have you ever seen the film Convoy?

https://en.wikipedia.org/wiki/Convoy_(1978_film)

Slightly? lol
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MrMarkyMark replied

11 December 2015, 12:48
Originally posted by hgvtrucker View Post

i own a retail shop and business goes very slow in winter so i have closed for a few days in the week . Is it ok to do hgv driving work on the same ltd company to help keep the shop going ie contribute towards rent and shop bills etc or would this have to be done as a seperate business thanks

Slightly off topic, but have you ever seen the film Convoy?

https://en.wikipedia.org/wiki/Convoy_(1978_film)

Last edited by MrMarkyMark; 11 December 2015, 13:34.
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northernladuk replied

11 December 2015, 12:39
Originally posted by TheCyclingProgrammer View Post

Any such work would also have a strong possibility of being caught by IR35 though this isn't necessarily a problem so long as you operate it properly.

Someone attempted to rip me a new one and questioned my cut outtedness when I suggested this.......
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TheCyclingProgrammer replied

11 December 2015, 12:16
Any such work would also have a strong possibility of being caught by IR35 though this isn't necessarily a problem so long as you operate it properly.
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ASB replied

11 December 2015, 12:07
Yes you can. It could cause issues with your flat rate sector if you are on FRS. It could also cause possible issues with any retail scheme for VAT you are using.
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Boney M replied

11 December 2015, 12:01
Originally posted by northernladuk View Post

Have you asked Igloo Accounting?

Ouch
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PerfectStorm replied

11 December 2015, 10:18
I suspect doing such a thing wouldn't confirm to the purpose of your business as regards to VAT etc
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northernladuk replied

11 December 2015, 10:15
Have you asked Igloo Accounting?
Leave a comment:
hgvtrucker started a topic ltd company retail shop owner wants to do driving on same company

11 December 2015, 09:32
ltd company retail shop owner wants to do driving on same company

i own a retail shop and business goes very slow in winter so i have closed for a few days in the week . Is it ok to do hgv driving work on the same ltd company to help keep the shop going ie contribute towards rent and shop bills etc or would this have to be done as a seperate business thanks
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