Hi everyone,
I am new to contracting and I have just registered my ltd. company, however I will not start contracting until the New Year.
In the meantime I need to purchase some tools and materials etc.
Should I set up a business bank account funded with my personal money in order to pay for these, or should I pay from my personal account and keep the receipts.
I don't intend to hire an accountant until the New Year.
Any advice would be much appreciated.
Regards
I am new to contracting and I have just registered my ltd. company, however I will not start contracting until the New Year.
In the meantime I need to purchase some tools and materials etc.
Should I set up a business bank account funded with my personal money in order to pay for these, or should I pay from my personal account and keep the receipts.
I don't intend to hire an accountant until the New Year.
Any advice would be much appreciated.
Regards
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