Need an Accountant (Help!)

[KyleTucker]

Hey guys,

I'll just be quick and to the point. I'm no longer being paid by an employer (who handled my taxes) and have just started operating on my own.

As of now I make around $10,000 per month (income, before bills and expenses) so I need to start paying taxes on this a.s.a.p. I am from the UK but I do not live in the UK. In fact, I don't really live anywhere...I travel a lot.

I'm hoping that I do not need to go back to the UK to be able to set this up. I'm guessing I will have to pay taxes there. This is fine with me.

I really want to get this sorted as quickly and as cleanly as possible, so if anyone can help, please let me know.

I make money online and have no physical office or any staff.

[Zeno]

You are in an interesting situation. You firstly need to establish where you are resident - you must be physically somewhere?

If you are not UK resident then simply speaking, you will not be liable to UK taxes.

[KyleTucker]

Yes, I am in Asia but I will only be here for another 6 months or so before I travel again.

I don't mind paying taxes even if I don't have to (This probably sounds ridiculous) just because I want to be safe and not in any legal risk. I will return to the UK now and then, but very rarely.

How do people who travel a lot usually pay taxes?

[Zeno]

Yes, I am in Asia but I will only be here for another 6 months or so before I travel again.

I don't mind paying taxes even if I don't have to (This probably sounds ridiculous) just because I want to be safe and not in any legal risk. I will return to the UK now and then, but very rarely.

How do people who travel a lot usually pay taxes?

If you are never in any country long enough to become resident for tax purposes (varies from country to country) and are not UK resident you simply won't owe taxes anywhere (income taxes at least).

You really should take advice from a specialist in these matters. Something to consider is your entitlement to UK benefits etc as you will not be making NI contributions. You can make voluntary contributions to cover this if necessary.

You will always be a UK citizen for what that's worth.

[KyleTucker]

Thanks for your help, Zeno.

I hope that someone here can help me out who has more experience in this matter.

[KyleTucker]

BTW Zeno,

Do you have any UK accountants that you recommend? I have a few things that I want to sort out which are unrelated to this.

[Zeno]

BTW Zeno,

Do you have any UK accountants that you recommend? I have a few things that I want to sort out which are unrelated to this.

Some excellent ones on here:-

Jenni@farrantfrost , Elaine100, Nicola@HamiltonJones but you may be better with David Griffiths who will be able to help with your tax situation.