I've been a sole trader since April 2014 and have now become a limited company (waiting for paperwork still). My question is, am I able to backdate any income/expenses for this financial year under the limited company?
Or do I need to make a clean-cut as to when I moved my business from being a sole trader, to setting up as a limited company?
My income has been smaller since April as I was only part-time, I've now decided to form a limited company as I'm full-time and I'm just trying to grasp whether this is the start, and only expenses and income from now on should be considered part of this new company. That would be a little annoying.
Or do I need to make a clean-cut as to when I moved my business from being a sole trader, to setting up as a limited company?
My income has been smaller since April as I was only part-time, I've now decided to form a limited company as I'm full-time and I'm just trying to grasp whether this is the start, and only expenses and income from now on should be considered part of this new company. That would be a little annoying.
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