Recent content by 2125432

Thanks for the clarification! All our company operations are conducted in EUR, and the only subcontractor from a currently unpopular country wants to be paid in crypto. I have a part-time accountant whose only role is to file the annual report based on the bank statements (for £1,500 a year)...

Thanks your answer! Just to clarify,if I buy crypto and pay the contractor with it, would that count as a business expense? Right now, we don’t have any crypto, so we need Nexo just to buy it. Does this setup still make sense for accounting?

Hi everyone! I’m looking how to set up a compliant crypto payment process for a freelancer with regular payments. My company is a non-resident LLP in UK with a Nexo account, and I want to ensure everything is done correctly from an accounting side. The freelancer is open to receiving...

@Sols Thank you for the response! I understand that the income from the LLP would be treated as personal income, not dividends. my initial message was unclear I think. I want to clarify that while the projected turnover is around €60k, the distributable profit after deducting expenses like...

Hi everyone, I’m a Cyprus resident operating a fully legal remote IT business. I have a consistent need to issue monthly invoices to clients in Germany and Italy for my B2B services, with an annual turnover of around €60,000. I’m considering registering an LLP in the UK due to the lower costs...