Startup question - Loan or Investment

[SteveV]

SJD advised me just to pay using my personal money and claim it back later when the company had money.

[lnoton]

5. My new iphone £270 (from personal account)

Don't worry about that. It's personal and nothing to do with your company. Unless perhaps you meant "my company's new iphone".

Of course, that is what i meant. Simply dropped the possessive.

I understand that most of the costs are what I would expense, its just the accountancy fees I really need money in the account for in cash invoices aren't paid quickly.

Also, when we say "make sure its an interest free loan" I understand what your saying by this and the implications, but is there some sort of paperwork I need to fill out for these transactions? Or do i simply transfer £x into the company and mark it as a loan, and when i take it back mark that as paying of the loan in a detail column?

[TheFaQQer]

SJD advised me just to pay using my personal money and claim it back later when the company had money.

That's what my accountant suggested too.

if you loan the company money, you could charge them interest on it (at an above market rate, since you are taking a risk in investing in a new company with no history), but then you would pay tax on that income. I've read articles advocating this, but my accountant said not to bother (but then, it would mean more work for him to do )