Hi.
I just have a query... I am a small business and my query is as follows...
If I transfer say £3000 from my credit card to my business bank account to buy materials for my business, can someone tell me how this sum of money is seen in my business account?? What I am saying is that its not money I have earned so obviously will not be taxed on it! The problem I am having is that I am unable to use my credit card to purchase the goods I wish to buy - the company only accepts bank transfers hence the issue.
Can someone just advise me please?
OR, would it be best to transfer the money from my credit card into my non business account and then just buy the goods I require for my business and just noting the expenses as 'allowable expenses?'
Hope I have made things clear?
Thank you very much for any replies received... much appreciated.
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