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Registration of tuckshop and which bank details to use?

Posted 10 December 2013 under Tax Q&A

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Me and my partner have a tuck shop we want to register our business he doesn't have a bank account but I do can we use my account for the business?

This entry was posted in Tax Q&A and tagged Deductions. Bookmark the permalink.

TaxTim says:
14 December 2013 at 9:27

You can, but it would be best to set up a new account just for the tuck shop so that all incomes and expenses are separated for accounting and tax purposes.

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