2 types of businesses under the same company? - Contractor UK Bulletin Board

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washed up contractor replied

3 December 2017, 13:52
Originally posted by premkumaranand View Post

Hi All,

I'm a software development contractor. I have my own limited company.

I want to sell stuffs (not related to computers/software) in Amazon. Is it possible to account for both business activities under the same limited company?

Yes and it isnt difficult. I have done this in the past. Just keep both income streams separate for invoice and expense purposes.
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Jessica@WhiteFieldTax replied

2 December 2017, 21:02
Originally posted by premkumaranand View Post

Hi All,

I'm a software development contractor. I have my own limited company.

I want to sell stuffs (not related to computers/software) in Amazon. Is it possible to account for both business activities under the same limited company?

Generally it is, but if they are clearly separate streams there may be vat advantages in having a separate entitiy. Downside admin and costs, upside vat saving. Also possible advantage in isolating one entity from the other from a risk perspective.
Leave a comment:
premkumaranand started a topic 2 types of businesses under the same company?

1 December 2017, 18:01
2 types of businesses under the same company?

Hi All,

I'm a software development contractor. I have my own limited company.

I want to sell stuffs (not related to computers/software) in Amazon. Is it possible to account for both business activities under the same limited company?
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