Forum Replies Created

  • empowerlee

    Member
    March 8, 2023 at 8:13 pm in reply to: Is anyone using a private trust for business

    I have an engineering business and am currently invoicing the company using the narrative “Consultancy” from my Private Trust, is there a better way to do this, to avoid any issues when the pirates investiagte the books as they periodically do?

  • empowerlee

    Member
    March 14, 2023 at 12:14 am in reply to: Is anyone using a private trust for business

    Hi Morag, yes I have seen all the QandA docuemnts but it doesnt specifically answer this question. I sent this question to Mark on the last Q&A zoom but he didnt get round to my question 🙁

  • empowerlee

    Member
    December 8, 2022 at 10:27 pm in reply to: Business Payments Into A Trust

    Much appreciated. I read the document but im still unsure where my bookkeeper should put any transfers to the trust. Instead of putting into Dividends, would it be prudent to put Trust payments into Consulting or Professional Fees and would you suggest I submit a consultancy bill from the Trust every month?

    Really appreciate any assistance xxxxxx