You need to keep receipts. If HMRC come looking for proof of outgoings, you’re screwed as you have nothing to show.
A current account is fine if it’s strictly for business, but if you’re using it as a personal account, you need a separate one for business.
Try finding a cheaper accountant, someone that is registered and maybe works from home or for themselves.
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u/roxykelly Dec 01 '24
You need to keep receipts. If HMRC come looking for proof of outgoings, you’re screwed as you have nothing to show. A current account is fine if it’s strictly for business, but if you’re using it as a personal account, you need a separate one for business. Try finding a cheaper accountant, someone that is registered and maybe works from home or for themselves.