Self-employed as Taxi driver

[sha373]

Hi, one of my frnd is director of limited Taxi company ,its a small business, earning was not mush in this way, so he attached a local cab company, this local cab company provide him customer and he pay weeky rent for this. All payments are in form of cash and he see about 20-30 customer daily, with fare from £5 to £100 per customer.Although he has his own customer but they are very few.

He deposits cash weekly/monthly in his business account and than take dividend from it.He has no own website as its a small business and he largely depends on the local cab company he works for.This local ab comapny is proper big local company and has websites, office equipments etc.

My frnd is responsible for all his tax matters,have his own accountant and pay tax regularly since last 5 years.
My question is, is this way of business is right? he needs to show £22400 for her wife and daughter. any suggestion?

[sha373]

Any one please

[kankerot]

So he pays rent to a another company so that they will send business to him. I take it he passes this rent through his ltd company accounts.

He then is paid in cash for his fares, well as long as he declares all of these fares as income and passes it through the ltd company and then draws a wage and dividends then as long as these wage and dividends are above the £22400 then he should be fine.