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mick786

  • Posts: 14
buisness acount
« on: January 17, 2010, 10:04:35 am »
when i get started on wc will i need a buisness acount, or can i just use my acount i have now? cheers guys :)
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cleewindows

Re: buisness acount
« Reply #1 on: January 17, 2010, 10:10:30 am »
just use a normal account but dont tell the bank its for business! :P
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Clive McDonald

Re: buisness acount
« Reply #2 on: January 17, 2010, 10:24:04 am »
it's better for you to separate your life from your business.

Abbey and others are free.You have time on your hands to open one, which you wont have later.Put the name on it you will call your biz for cheques etc, so you probably need to decide on a name, assuming you aren't going to use your own.

If you really dont want a biz account open another current account. 
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dave0123

  • Posts: 3553
Re: buisness acount
« Reply #3 on: January 17, 2010, 03:04:50 pm »
I agree with the above allways best to keep things seprate for your records and the tax nan point of view.

Also alliance Leicester also do free banking as far ad I am aware






Dave
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Dave.

chopsie

  • Posts: 1736
Re: buisness acount
« Reply #4 on: January 17, 2010, 05:32:34 pm »
I just got a seperate normal account,could not see the point of having a business account  ???
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chopsie

wizard

Re: buisness acount
« Reply #5 on: January 17, 2010, 08:05:35 pm »
ITs not by law that we need a business account. Just put on you paper work. P James ( in small) Trading as WINDOW SURE CLEANERS the all cheques made out to then P James.
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Frankybadboy

  • Posts: 9022
Re: buisness acount
« Reply #6 on: January 17, 2010, 08:21:21 pm »
Quote from: chopsie on January 17, 2010, 05:32:34 pm
I just got a seperate normal account,could not see the point of having a business account  ???
ok if you get away with it.

but wait till the bank catches up with you, ;)
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dai

  • Posts: 3503
Re: buisness acount
« Reply #7 on: January 17, 2010, 08:28:29 pm »
Quote from: frankybadboy on January 17, 2010, 08:21:21 pm
Quote from: chopsie on January 17, 2010, 05:32:34 pm
I just got a seperate normal account,could not see the point of having a business account  ???
ok if you get away with it.

but wait till the bank catches up with you, ;)

I have two personal accounts and HSBC know I am using one for business.
They have pulled me up over it a couple of times and I just say "OK, I will open an account in another bank". They always back down and leave things as they stand.
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mick786

  • Posts: 14
Re: buisness acount
« Reply #8 on: January 18, 2010, 01:54:25 pm »
Whats the driffernts beween a normal account and a bussness account then? whats the down side, cos most are saying use a normal account if i can etc. Is it costlly etc ? 8)
 
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john tomkins

  • Posts: 1639
Re: buisness acount
« Reply #9 on: January 18, 2010, 04:12:14 pm »
3+ years ago when I started up on my own I went to Business Link for a seminar on being self employed, the main bloke there told us all that we should just use a current account, I've not had any problems using one for the last 3 years, was told by sister in law who works for the same bank that I'd have to put 100s of cheques through a week before they even questioned it, and if they did just tell them you sell on Ebay a lot ;D
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