Paid in Dollars, buying US goods?

Last year I moved to a UK LTD company from being a sole trader. I work on the internet & 95% of my income is from US companies who wire the money into my UK account.

I have a acquired a taste for rather expensive US made guitars and such like. I could buy them here and pay say 3000 out of my own pocket but I'm hoping seeing as though I get paid in USD I get figure out someway of buying goods straight from the horses mouth in USD, the benefits being 1) $3000 is the cost in the US 2) I can use my business funds without the money ever comming to the UK. I have a good relationship with the companies I deal with in the US and they would pay my funds into almost any account I specify.

The problem is I have no idea how to go about purchasing goods with the money that I am able to get in USD, without it ever comming over in the UK. I realise I need some kind of go-between, but would that be in the form of an offshore USD account? or something else completely?

any advise would be much appreciated.

Reply to
mike
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If you want to do it above board, then open a company USD account, most banks will do it easily for you. Take the cash into that from the US, and pay whoever you want with it. You then declare the money you spend to your accountant as income, they convert it at an appropriate rate and you pay tax on it.

I have Euro and USD accounts for my business with a high street bank.

John

Reply to
John Bishop

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