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I'm Getting to Know A1
A1 Member
Here's your answer:
1. Separate your personal account and business accounts they are two different entities.
2. As you said, your business size is too small. So you don't need to hire accountant initially, you can get help on accounting by reading the site accountingcoach. When your business grows definitely hire an accountant for getting update information about your business.
3. Yes, you can use paypal account, other option is to open an account with google checkout.
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I'm Getting to Know A1
A1 Member
i don't think an accountant is necessary at this stage.
i'm not sure about UK but in Singapore, I would rather my customers use bank transfer so that Paypal doesn't take such a high cut from my transactions.
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I'm Getting to Know A1
A1 Member
Hi, I think you should hire an accountant in the beginning, as you have many other things to pay attention to and you may need to emphasize on other things in the beginning.
Regards
Jack Wilson
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Administrator
For a business of this type and size an accountant isnt necessary from the off. At best, hire a qualified book keeper if you cant or dont want to get to grips with keeping your own accounts, and use an accountant for the year end stuff.
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