Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: ben M on January 29, 2015, 06:45:14 pm

Title: how do you pay yourself?
Post by: ben M on January 29, 2015, 06:45:14 pm: if you are a sole trader and have a business account?
Still waiting an answer from my accountant :( so wanted to ask you as well
Thanks
Title: Re: how do you pay yourself?
Post by: Clever Forum Name on January 29, 2015, 06:56:43 pm: When my mattress gets lumpy I spend some. ???
Title: Re: how do you pay yourself?
Post by: johnny bravo on January 29, 2015, 06:59:01 pm: no one but you knows how much you earn, you can always keep some back ;D
Title: Re: how do you pay yourself?
Post by: Mike #1 on January 29, 2015, 07:02:34 pm: Quote from: ben M on January 29, 2015, 06:45:14 pm
if you are a sole trader and have a business account?
Still waiting an answer from my accountant :( so wanted to ask you as well
Thanks

You need a proper accountant , from my earnings after business expenses I spend the rest told my accountant this a few years ago and he was happy with that . As in spend save for tax bill and pay my household bills
Title: Re: how do you pay yourself?
Post by: Window Lickers on January 29, 2015, 07:06:57 pm: Quote from: Mike #1 on January 29, 2015, 07:02:34 pm
Quote from: ben M on January 29, 2015, 06:45:14 pm
if you are a sole trader and have a business account?
Still waiting an answer from my accountant :( so wanted to ask you as well
Thanks

You need a proper accountant , from my earnings after business expenses I spend the rest told my accountant this a few years ago and he was happy with that . As in spend save for tax bill and pay my household bills

Exactly, its your money. Crack on ;)
Title: Re: how do you pay yourself?
Post by: Joey Eastwood on January 29, 2015, 07:29:10 pm: errr... in cash?? what goes thru the bank pays the bills the cash goes in pocket..
Title: Re: how do you pay yourself?
Post by: jimiwindows on January 29, 2015, 07:47:02 pm: Massage with a happy ending.
Title: Re: how do you pay yourself?
Post by: ChumBucket on January 29, 2015, 07:49:34 pm: Quote from: ben M on January 29, 2015, 06:45:14 pm
if you are a sole trader and have a business account?
Still waiting an answer from my accountant :( so wanted to ask you as well
Thanks

I would imagine your Accountant will get back to you once he's stopped p***ing himself laughing!! ::)roll ;D
Title: Re: how do you pay yourself?
Post by: Stoots on January 29, 2015, 07:56:18 pm: Quote from: Joey Eastwood on January 29, 2015, 07:29:10 pm
errr... in cash?? what goes thru the bank pays the bills the cash goes in pocket..

;)
Title: Re: how do you pay yourself?
Post by: CleanClear on January 29, 2015, 08:23:52 pm: Quote from: ♦ChumBucket♦ on January 29, 2015, 07:49:34 pm
Quote from: ben M on January 29, 2015, 06:45:14 pm
if you are a sole trader and have a business account?
Still waiting an answer from my accountant :( so wanted to ask you as well
Thanks

I would imagine your Accountant will get back to you once he's stopped p***ing himself laughing!! ::)roll ;D

;D ;D I'd of loved to see the accountants face when he asked him !!!
Title: Re: how do you pay yourself?
Post by: capn sparkle on January 29, 2015, 09:22:47 pm: Quote from: ben M on January 29, 2015, 06:45:14 pm
if you are a sole trader and have a business account?
Still waiting an answer from my accountant :( so wanted to ask you as well
Thanks

Me - Pounds Sterling or anything with the Queens face on it!!

You - Francs, Euros or cheese.
Title: Re: how do you pay yourself?
Post by: Joey Eastwood on January 29, 2015, 09:25:26 pm: Quote from: capn sparkle on January 29, 2015, 09:22:47 pm
Quote from: ben M on January 29, 2015, 06:45:14 pm
if you are a sole trader and have a business account?
Still waiting an answer from my accountant :( so wanted to ask you as well
Thanks

Me - Pounds Sterling or anything with the Queens face on it!!

You - Francs, Euros or cheese.

cheddar slices for a bungalow, wedge of wensleydale for a 3 bed semi and grated parmesan for anything bigger?
Title: Re: how do you pay yourself?
Post by: PoleKing on January 29, 2015, 10:07:23 pm: Everything goes into the business bank account.
Every monday, i deposit last weeks money.
1st of the month a DD pays across to a business savings account for the tax bill due at the end of the year.
28th of the month, my salary DD's to our joint personal account.
Tax money is more than my bill will be, so, christmas bonus with whats left over.
Joint DD covers all our usual monthly bills inc beer money.
If it gets low, i transfer over some more. Probably 3 times a year.
Title: Re: how do you pay yourself?
Post by: ascjim on January 30, 2015, 06:53:26 am: All my earnings go into my business account, then I bacs my personal account each month.
Title: Re: how do you pay yourself?
Post by: Mike #1 on January 30, 2015, 07:07:06 am: I very rarely put cash in business account as I have to pay for the privilege . It goes in my personal account then I transfer to Isa etc
Title: Re: how do you pay yourself?
Post by: dave0123 on February 02, 2015, 05:51:30 pm: Any money taken out of your business account as a sole trader to pay yourself or personal items would go down on your set of accounts as drawings on your balance sheet.