Hello all, I am new to the forums and would be gratefully if anyone could give me advice on the following: I have formed a ltd company and with the start up of this business have had to purchase various items , including a vehicle, which I have paid for using my personal funds. I now need to input these into kashflow and I am a little confused to the best way to do this , as the monies were from my personal account and the company account is currently still zero. Do i do this as a sort of directors loan account? Any advice appreciated thanks
I can confirm that these expenses can be brought into the company via a director's loan account. If you are registered for VAT, you can claim back the Input VAT on certain pre-registration expenses!
Yes i think direct loan account strategy will be the best thing to initiate. What various items are you dealing in by the way ? Except cars ?