SinFa
Junior Member
- Feb 12, 2016
- 121
- 16
Hi there,
I live in the UK but came from some other country.
I'm currently trying to start a few online businesses (mostly targeting US markets), one of which I'm documenting in the My Journey forums. I want to ask:
- How urgent is it for me to set up a business and report my accounts to the HMRC?
- What's the best method to go about this, because I noticed there's 3-4 ways I could register with them, ie. register as a small business, sole trader, register with VAT, etc
- I live in a few other places including Hong Kong, should I register my business there for the potential tax savings in the future?
I did some light-googling and search here but couldn't find the answers. It might be because they're too technical and I should find an accountant instead. If that's the case, please share that thought with me too.
Thanks
I live in the UK but came from some other country.
I'm currently trying to start a few online businesses (mostly targeting US markets), one of which I'm documenting in the My Journey forums. I want to ask:
- How urgent is it for me to set up a business and report my accounts to the HMRC?
- What's the best method to go about this, because I noticed there's 3-4 ways I could register with them, ie. register as a small business, sole trader, register with VAT, etc
- I live in a few other places including Hong Kong, should I register my business there for the potential tax savings in the future?
I did some light-googling and search here but couldn't find the answers. It might be because they're too technical and I should find an accountant instead. If that's the case, please share that thought with me too.
Thanks