Dan Shore popped into my new offices at Devonshire Business Park yesterday. He is the local Small Business Development Manager for Yorkshire Bank and it got me thinking about the pitfalls that many people run into when they mix home and business finances. How do you prove to the HMRC that you are trying to run a proper business if your accounts don’t show this? What message do you give to your trusted advisers, colleagues and family if you mingle domestic and company records? And most importantly, what are you telling yourself? Is it still just a hobby for you? Picture yourself sifting through all your old paperwork. Do you feel that nagging doubt when you come across six-month old items on your credit card statement and can’t quite remember what they were for? How will you ask for funds to support your growing business? Lenders are much happier to give money to people with a clear record of incomings and outgoings. You will also have the benefit of a ‘trading as’ (t/a) name, so that all payments are made to your business name. Dan is happy to talk to you about asset financing, free banking services and Yorkshire Bank’s £6 billion SME lending plan. He is on 07483 138294, dan.shore@cybg.com.

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