Hi, My first contract starting soon so have a very simple question as a the only director and employee I have setup a Business account for my limited company and also a Business savings account. My intention was to pay my salary into the Business savings account and then withdraw when required from there for day to day personal usage. Is that allowed or is it something that would contravene any regulations that I am not aware of?
I was planning to do it that way as it seemed simpler as the bank i have opened a business account with is different from my personal one.
Anyway simply put, will it cause problems?
I was planning to do it that way as it seemed simpler as the bank i have opened a business account with is different from my personal one.
Anyway simply put, will it cause problems?
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