Tyler.saward
Member
- Messages
- 12
- Location
- Crawley West Sussex
Hi guys, I’m really struggling to find any good information so hopefully you guys can help. I’ve just started my own window cleaning company at 19 so bit knowledge less in accounting area
So I’ve been canvassing getting work booked in to got a few to do now and most have said they’ll do cash which is fine so what’s the protocol with a limited company as we currently have an online bank(ANNA) so say I’ve done 5 jobs one day at £20 each = £100 would you at end of each day deposit that into the business account or weekly? Monthly?
also once depositing that money do I have to make an invoice on the app for each job I’ve done for that £100 to account for it?
anyone know the threshold for a new limited company for paying tax or do you start paying straight away? 20% if I’m right?
lastly once the moneys in the bank how do I go about withdrawing this money as I understand you can’t just transfer it to a personal account if I’m right
thank you for taking the time to help me appreciate it!
So I’ve been canvassing getting work booked in to got a few to do now and most have said they’ll do cash which is fine so what’s the protocol with a limited company as we currently have an online bank(ANNA) so say I’ve done 5 jobs one day at £20 each = £100 would you at end of each day deposit that into the business account or weekly? Monthly?
also once depositing that money do I have to make an invoice on the app for each job I’ve done for that £100 to account for it?
anyone know the threshold for a new limited company for paying tax or do you start paying straight away? 20% if I’m right?
lastly once the moneys in the bank how do I go about withdrawing this money as I understand you can’t just transfer it to a personal account if I’m right
thank you for taking the time to help me appreciate it!