What Implications will I have Transfering funds via Buisness and Personal accounts.
Say I want to put some of my Personal funds into my Buisness account to get a bit of start, So say "personal funding". Will there be any tax issues?
Kind Regards.
Depends on your business structure. If you are a sole trader then there are no issues with doing that. It is not compulsory for a sole trader to have a business account.
Before you start a business | Australian Taxation Office (ato.gov.au)
I appreciate the reply! yep just as a Sole Trader. That's good to know.
I decided to have a seperate accounts just to keep track of things easier.
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