Fictitious invoices

Discussion in 'Business Discussion' started by gowiththeflow48, Feb 5, 2019.

  1. gowiththeflow48

    gowiththeflow48 New Member

    Hi guys,
    Somebody who isn't me bought a shell company so this shell company can invoice my main company for consultancy. What is the best to put on the invoice, so in case of a tax audit I can easily say and prove the services?
     
  2. Admin

    Admin Forum Moderator The Forum Cleaner

    You need to back it up with a website or some offline business in order for this to work.
     
  3. gowiththeflow48

    gowiththeflow48 New Member

    My main company is doing IT services. The shell company should do something my main company isn't doing. I thought about timesheets etc but this is maybe too obvious . Any tips?
     
  4. Admin

    Admin Forum Moderator The Forum Cleaner

    The best you can do is to setup a website with products or services different to what you are doing in the your main company. This looks much more real to people and if done right they will accept it. When you invoice people, you want to invoice companies without VAT if possible.

    You need to think out of the box here and don't expect people to spoon feed you with what services or products would match.
     
  5. gowiththeflow48

    gowiththeflow48 New Member

    I thought maybe some experienced people could point me in the right direction.
    The do's and don't do's...
     
  6. Milky Moon

    Milky Moon Offshore Research & Development. Business Angel

    You can setup a grafics design comany, and bill for grafix. You source those graphic designs at fiverr (with a different account!/company), so you will have a portfolio to show, which you claim you designed yourselves.
     
  7. Hans Hoffmann

    Hans Hoffmann Active Member

    Thats a really shady scheme looking from compliance perspective. If you wont back it up with some serious proofs it wont work for amount bigger the 10k. You need to get a website which will state that the "consultant" is really proficient, it would be good if there would be some other projects of that "consultant" stated, partners and stuff, you need to make it look like its somekind of really high end consultants. Saying that you need to keep in mind that the quality of the documents should be on the high-end too.
     
  8. blizz

    blizz Trusted Member Mentor Group Business Angel

    I call BS again! Did you set this amount?

    I'm already so excited to see what service you are going to offer in the near futureange¤%&
     
  9. Hans Hoffmann

    Hans Hoffmann Active Member

    Its based on my expierience working in private banking, cinsultancy schemes are outdated by 10 years now
     
  10. blizz

    blizz Trusted Member Mentor Group Business Angel

    okay
     
  11. Hans Hoffmann

    Hans Hoffmann Active Member

    The first thing that comes in my mind, if your company is an IT company, then you might just sell yourself your own work. Let me explain this briefly. That shell company could be your "outsource company" which is working on some IT projects for you. You can easely explain that by the fact that you did some rocket science calculations and came to the fact that outsourcing that project is cheaper then working on it on your own (like Indian software development outsource). You write all the technical documentation, time sheets, schedules, sign the agreement and do the business and ask one of your developers to develop something according to that documentation :D so that you had proofs that there is somekind of app/programm developed by your counterparty. But I am really not sure just a thought.