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Hi and welcome Paul.

First question – do you have an Accountant? If not, you need one. They will be able to guide you and give you the correct advice based on your personal circumstances. We can answer based on our own circumstances but that might not always be correct for you.

However, there are Accountants here and I’m sure one, or more, will come along to assist. In the meantime I encourage you to go through the business directory here so you can find an accountant who can look after you and your business needs.

Enjoy the forum – there are some really helpful people around here and tons of information.