I've started providing services as my side job [i have full time employment] and before i registered my LTD and got my bank account sorted, i was paid by 2 of my customers. and i invoiced them and they paid me as an individual. However, 2 weeks after that, i have finally formed LTD company.
So my questions are following:
1. Can i or should i log those invoices under my company name and transfer payment from my personal account into my business account?
2. or do i leave those as they are as they were paid to an individual and then pay income tax?
Issue is i'm in high bracket from my main job [i pay 40% any amount i earn now], thus paying 40% from earned amount is something ideally i would avoid and instead, if i could log it for tax purposes as an earning by my company, i'm happy to pay all related Taxes but as a business.
On related topic:
when invoiced, i have provided them with my details including my National insurance number.
I'm the director of the company and main share holder.