We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Sole trader expenses
yorkiechick
Posts: 121 Forumite
My partner has set up as a sole trader and I'm going through all the receipts and expenses for the 19/20 tax year. Some of the items I have purchased for the business and show on my bank statement, which isn't a joint account. Is this OK? The items are still for sole use for the business.
0
Comments
-
technically no, unless she has refunded you the cost from her bank account to your bank account so the cost has genuinely been paid by her
but who is ever going to know or care given you state they are 100% business use0 -
If you keep accurate records these would class as cash payments.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards