TransferWise as my business account?

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northernladyuk replied

13 March 2018, 20:51
Paging Sue@ipaye.
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madame SasGuru replied

13 March 2018, 20:25
Originally posted by Bomster1 View Post

Do you think? I was advised I should be clear of tax in Germany. I will be there 2 weeks on, 2 weeks off (back in the UK) for around 7 months. I will be living offshore on a vessel during my time out there. Also on the basis that the client is Danish.

Advised by whom - the agency? Has the agency put that in written including a clause that they will pay any tax bill from the German / Danish tax authorities. If not you need proper advice from someone who understands working abroad and its tax consequences for a self employed person.

Last edited by madame SasGuru; 13 March 2018, 20:33.
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Bomster1 replied

13 March 2018, 19:18
Originally posted by stek View Post

Sounds like you'll be taxed in Germany, not sure Gorilla Accounting will be savvy with German Tax and accounting principles, but as they are Bolton-based, they will know their pasties (Carrs).

Do you think? I was advised I should be clear of tax in Germany. I will be there 2 weeks on, 2 weeks off (back in the UK) for around 7 months. I will be living offshore on a vessel during my time out there. Also on the basis that the client is Danish.
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stek replied

13 March 2018, 17:42
Originally posted by Bomster1 View Post

Hi all,

Apologies if this has been covered elsewhere, but I didn't find anything when searching.

In April I will be starting as a contractor working off the coast of Germany for a Danish client. I will be paid in EUR - it appears TransferWise will save me money when it comes to receiving and transferring into sterling.

My simple (and probably daft) question is - can I use the TransferWise 'For Business' Borderless account as my main business account?

I'm looking to go with Gorilla Accounting, so I will ask them too, but wanted to hear what CUK had to say.

Thanks in advance,

Tom

Sounds like you'll be taxed in Germany, not sure Gorilla Accounting will be savvy with German Tax and accounting principles, but as they are Bolton-based, they will know their pasties (Carrs).
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Bomster1 started a topic TransferWise as my business account?

13 March 2018, 17:21
TransferWise as my business account?

Hi all,

Apologies if this has been covered elsewhere, but I didn't find anything when searching.

In April I will be starting as a contractor working off the coast of Germany for a Danish client. I will be paid in EUR - it appears TransferWise will save me money when it comes to receiving and transferring into sterling.

My simple (and probably daft) question is - can I use the TransferWise 'For Business' Borderless account as my main business account?

I'm looking to go with Gorilla Accounting, so I will ask them too, but wanted to hear what CUK had to say.

Thanks in advance,

Bomster

Last edited by Bomster1; 18 March 2018, 18:47.
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