First year of trading o a sole trader

Options
vivfry84
vivfry84 Registered Posts: 38 Dedicated contributor 🦉
in General accounting discussion
Hi there. I have been asked to do the accounts for a family member. He use to be in partnership with his father however they decided to part ways last year. My question is in the first half of the year he was still buying materials under the old partnership company name. I can prove they have come out of his new business account but am I allowed to use them even though they have the old companies name on the invoices together with his full name?
Thanks in advance.

Comments

  • vivfry84
    vivfry84 Registered Posts: 38 Dedicated contributor 🦉
    Options
    No just a standard partnership between father and son.
  • BeccaLouJ9
    BeccaLouJ9 Registered Posts: 896 Epic contributor 🐘
    Options
    .... @mrme89 uhoh, be nice now :)
  • MarieNoelle
    MarieNoelle Registered, Moderator Posts: 1,368
    Options
    Is the business VAT registered?
  • vivfry84
    vivfry84 Registered Posts: 38 Dedicated contributor 🦉
    Options
    Hi all. Thank you so much for your help. He will need to register very soon for vat as he is almost there. I have told him to change over the details. I can prove most of them he did pay for from us bank but the cash Invoices may be a little harder (even though he did pay for them)

Categories

Privacy Policy