³ÉÈËÓ°Òô

When an individual starts a business as a sole trader a distinction needs to be made between what are private and what are business transactions. This is best done by setting up a separate bank account in the name of the business rather than using the personal bank account of the individual. Where privately owned assets are used as business assets there may be a requirement to calculate or adjust the cost for tax purposes examples would be using the home as an office or using a car.