Hey guys I dont want to shell out for an accountant yet as its only the real simple stuff but I wouldn't mind a little helping hand
ok so this is what I do so far.
1, invoice with date
2, receive cash into a current account (used solely for business)
3, print off a copy of the invoice, mark date paid
4, every month print off statement of said account
5, any cash that leaves the business account (expenses keep receipts and write on, keep in a poly pocket per month)
6, what do I do with cash I want to take out and put into my other current account, should I just take it out and say "wage to self" or doesn't that matter so much as im self employed and not ltd?
with any hope I can manage my expenses so I dont end up paying much or any tax after the year but I dont want to get in a fuddle now 🙂
any experience greatly welcomed 🙂 also an idea of an accountants cost on a self trader with a small turnover per year?