The first tip on being self-employed is to never use your personal bank account for your business! ❌
Why? Well for one if you ever go for a mortgage it makes it difficult for the mortgage underwriter to separate your business expenses and your personal expenses. This will make the process awkward and messy. You can also put yourself and your family under a lot of unnecessary pressure by putting the business expenses onto your personal account.
Take a look at the video to see what we highly recommend you do if you’re self-employed or a sole trader.
Tag your self-employed or sole trader friends below! 👇🏻
#askpaul #moneymadeeasy #selfemployed #soletrader #personalfinance
7 июл 2024