i have decided to only have one company to cut costs...ie accountant fees...bank charges...yearly registration...etc.
i have sole prop bussiness which is registered with vat and a cc which is not registered with vat...the cc has staff registered but the sole prop has no employees registered.
some help required...do i close the sole prop and deregister from vat...and stay away from vat? then move eveything over to the cc(which is 3 years old)
or do i close the cc which is not vat registered and carry on operating the sole prop(almost 20 years old)
i have noticed some of the bigger companies are saying if i am not vat registered they will not deal with me...surely they cannot enforce this...considering most of the work we do for big comapnies is is for labour only...you cannot claim vat on wages.
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