Ltd company invoicing shareholders sole trade business
Customer wont deal with the Ltd Co. ( history with one of the directors who is an ex employee) (Ltd Co has 2 shareholders, 1 director, many customers)
One of the shareholders has performed the work via his sole trade business.
Sole trader has contract with customer. Sole trader invoices customer. Customer pays sole trader.
ABC Ltd then invoices the sole trader and the income is brought into the Ltd Co.
Sole trader accounts then show sale and expense which match.
It just seems wrong doesn't it? Do you agree? What (how much) am I missing here?
- Tax relief for backdated pension contributions 237 8
- VAT flat rate scheme 154 2
- Client cash balances, on or off-balance sheet for full service brokerage firm 229 4
- Client information from previous accountant 41 1
- Closing down - who should buy whom? 72 2
- How long do legal aid take to pay? 62 1
- Two questions re client meetings and TR Fees 355 5
- Personal Pension Withdrawal 218 2
- Liability account to deal with loans from owner 119 5
- Failure to operate PAYE 1,654 31
- PAYE NI 100 2
- quote for winding down two companies and file accounts 105 1
- SA302s - Lenders to accept non hmrc copies 820 14
- How much to charge? 695 10
- break even point 1,003 30
- Trustee in Bankruptcy 171 5
- Accomodation and travel 204 1
- Unpaid Fee's 348 6
- Issue with a software supplier 232 4
- Is there a requirement to clearly state the amount of a bill? 304 5
- Possible Partnership? 511
- Lunatics in charge of the asylum - Bluestone 491
- Tax and accounting treatment on long lease granted from freehold 467
- New Fangled Penalties 307
- Clubs and Taxable Income 259
- Purchase of property freehold - capitalisation of costs 257
- Deferring taxable income until after 5 April 250
- Loans to other companies 192
- Tasbook email configuration 183
- Closed PAYE schemes and auto enrolment 168