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You should talk to a UK accountant. But what you suggest is not how things should be done in the US, and proably the UK. It is important to have an easily identifiable paper trail that proves what are business and what are personal expenses. Deducting things from your salary obscures what is being deducted. So I would bet your accountant will not like that ...

When you receive foreign payments be it in Zlotys or Euros the way you calculate your liability in terms of taxes etc is by converting it into the currency of the country where you pay taxes and applying the rates/laws of it. So if you are in UK and receive payments in Zlotys you will first convert them into GBP and then calculate everything. Now the ...

The registered office is just where your company's "books" are kept -- that is, the memorandum and articles of association (aka "mem and arts" -- basic procedural documents about how the shareholders decide on stuff, your agent will have set up the company with a standard set which you probably don't need to change) and a list of all of the company's ...

Good question, which I voted up because I asked this myself many times. I have no conclusion for it, just a feeling how I want to try. I use my real name as my cooperate name. Of course I have a brand (my product), but for business - means all transactions, payments, official coomunication - I use my real name. I have chosen to do so because I thought, ...

That is the intention, I believe, as long as you don't act dishonestly. However, you should bear in mind that having a Ltd company doesn't mean they can't sue you personally. Anyone can sue anyone for anything. For the PI it is where the clients/work are based, even if the contracts are governed by English law. The USA is more litigious and it is much more ...

I am in the UK and my view is as follows: The degree is giving you an asset of enduring benefit to the business so the costs are capital and disallowable. Where you have to do continual improvement or pay subs each year (in the case of Professional Quals) then they are allowable. http://www.hmrc.gov.uk/manuals/bimmanual/BIM42526.htm You can claim for ...

If you maintain cash accounts in several currencies, you should maintain financial statements (P&L, BS, Cash flow statements, etc) in each currency. As and when you undertake an FX transaction to move cash from one currency to another, at that point you should update each set of accounts accordingly, applying the FX rate at the time the transaction was ...

I can't speak about UK law; but in the general case there is nothing to prevent renting/leasing out the rights to use a specific domain name. In fact it's a thriving industry, where domain "brokers" prefer to rent out domains rather than sell them, because that brings them more money. However, if you later bring in outside investment or new partners, then ...

I'm not sure you need to go to all of the trouble of renting it out (though I'd imagine that it's possible). Why can't you just give it to the company and (in a simple contract somewhere) state that you get it back if the company goes under? Looking at this from the other side, I'd be hesitant to be renting a domain name. It's like renting an apartment, ...

I am not an expert, but this sounds illegal. I think you could have two contracts for different aspects of your relationship with the company. But I can't think of a good reason why you'd do this. As I see it there's a big problem: If you live in the UK you are likely subject to UK tax laws, whatever contract you are working to. As a company director ...

...if I want to get paid from the company I'll have to be employed as its director That isn't really correct. If you want to "get paid" from a UK Ltd company, you have several options (three, at least). Draw salary, where you are an employee, which is what I think you refer too Receive dividends as a shareholder Sell the company and realise a ...

In broad brush terms, a typical freelance scenario: You pay yourself a salary (If you want a pension the tax relief contributed by the Revenue is directly related to the size of your salary) Your company pays various business expenses like insurance, hosting, your tech needs, mobile phone, Accountancy fees, Corporation Tax etc From retained profit you pay ...

Businesses like to deal with other businesses, so being an Ltd would give a better impression for potential commercial clients. They like the comfort of the business, rather than just a one-man-band. Of course, you may be a one-man Ltd, but that doesn't seem to occur to them so readily. Also, it is worth keeping in mind that there are many advantages to ...

I would be surprised if this was a deciding factor for people using your service or not. There is no question that it would look more professional as a business name, but as for being a deciding factor, I don't think so. With that in mind, if you want to do it later once you have traction I see no problem with it. I just can't imagine that this decision ...