Hi,
I set up a limited company a few months back, and have been doing the accounts myself, but am getting a bit confused.
I actually started contracting in mid-October last year, but I didn't set the company up until the end of December.
I sent the client invoices dated from mid-October, once I had the company set up (including registering for VAT).
Looking back, I don't quite understand what I was thinking of, and why I didn't set the company up before contracting. It was basically all a bit of a rush job.
Now, I need to get an accountant to sort things out, but I wondered if the folks here could give me a bit of a basic advice.
Given what I did (and the fact that I have been cash accounting), is it actually possible to claim the work before the incorporation of the company as income for the company?
If not, how will I need to account for the income?
Any advice would be greatly appreciated.
Thanks,
Mark
I set up a limited company a few months back, and have been doing the accounts myself, but am getting a bit confused.
I actually started contracting in mid-October last year, but I didn't set the company up until the end of December.
I sent the client invoices dated from mid-October, once I had the company set up (including registering for VAT).
Looking back, I don't quite understand what I was thinking of, and why I didn't set the company up before contracting. It was basically all a bit of a rush job.
Now, I need to get an accountant to sort things out, but I wondered if the folks here could give me a bit of a basic advice.
Given what I did (and the fact that I have been cash accounting), is it actually possible to claim the work before the incorporation of the company as income for the company?
If not, how will I need to account for the income?
Any advice would be greatly appreciated.
Thanks,
Mark
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