New Limited Company - Help and Advise with Accounts

[UIAUK]

hello everyone.

The wife and i have formed a limited company (retail). Early days but so far business is good.

I need to start doing the accounts and need some advise. No so much about the software as i have taken advise from other posts on this forum.

But more HOW TO... Is there a basic guide out there detailing this. So far i've been keeping a record of every transaction - sales and purchase but just need to tie everything togther.

As we are working from home - i also need to know what we can and cant claim.

Many thanks in advance.

[Magsite]

I'm looking into this aswell. I've sent a few emails to people asking for advice.

It would be best to get your own business bank account and track all payments through that.

Lisa

[creospace]

The inland revenue are actually very helpful as is their website, when I started I actually found everything I was looking for there.

If you phone them regarding a specific point they will actully go into greater detail and will help you more with what you can claim for than what you can't.

Failing that pay for an accountant :)

[UIAUK]

I'm looking into this aswell. I've sent a few emails to people asking for advice.

It would be best to get your own business bank account and track all payments through that.

Lisa

Yup started that process already with the Abbey. Just waiting for approval.

[NicolaCassidy]

UIAUK, I have sent you a pm

Nicola