Tax questions 101
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Dear melj1,

Thank you for getting back to me.

I understand what you are saying, and have a couple of follow on questions.

I started the company earlier this year and opened a business bank account a month later and put some personal funds into the account.

As per my company do I consider that as income and as per me personally is that an expense?

If it is income for the company, when I get the Schedule K and it passes to me, will I also have to pay tax on that initial capital investment as income?

Kind regards