Hi
Apologies in advance but I’m new to all this despite being employed for the local authority for 30 years up until recently.
When lockdown began back in March I was asked by quite a few people to do some online teaching. I did this and then realise that this could be a new career for me.
Yesterday I finally got round to registering with HMRC and I want to get my accounts in order.
Because of lockdown and the fact I didn’t want to give my personal bank account details to my clients I was paid via pay paypal. I then transferred this money into my normal everyday bank account. Due to not having my code yet I am unable to open a business bank account but have managed to open a post office savings account.
- Is it okay to have payment records as PayPal payments?
- Is it also okay to now send receipts to customers albeit, these are backdated?
I just want to make sure that everything is above board . Many thanks and apologies for being such a novice!
