being paid in USD to paypal

PeterLWilson

Hey Kath, Savvy_Sue is right, you should get an accountant. The accountant I use charges a flat monthly fee of £64.50 and this includes preparation of all accounts and tax returns, they also helped me set up my cloud accounting and are always there to answer any question I have. It can seem like a large expense for a small business but it really is an absolute essential, especially since you are working in two currencies so your bookkeeping will be fairly complicated. Cut costs where you can, but don't take any chances with compliance.