Helcatt
01-09-2012, 09:18 AM
After muttering about it for ages, I finally opened a business bank account, I decided it would be easier for me (and the accountant) when working everything out at the end of each year
Anyway, how do you decide how much you take out for your personal expenses?
Do you take out a percentage? Which then leaves enough for monthly business expenses and start saving up for the tax bill?
Or do you work out what you expect/want your income to be and draw that out?
I suppose, I need to work out my bills etc and take it from there, just wondered what others do?
Hx
Anyway, how do you decide how much you take out for your personal expenses?
Do you take out a percentage? Which then leaves enough for monthly business expenses and start saving up for the tax bill?
Or do you work out what you expect/want your income to be and draw that out?
I suppose, I need to work out my bills etc and take it from there, just wondered what others do?
Hx