Hi All,
I’m just trying to figure everything out in my head so I understand completely what is going on. I am planning on completing the majority of the daily accounts myself, and using an accountant where necessary.
So, I started spending on the start up of my business in March 2016, however i did not incorporate until June 2016, then became active in August 2016.
What I would like to know is how can I report start up costs (logged under the directors loan account) which occurred prior to the Incorporation date, thus are outside the 12 month reporting period?
Obviously, I want to pay back the negative balance in the directors loan account (thus back to myself) so i need to report these costs.
Any advice or links would be most welcome.
Thank you in advance.
Regards
Donna