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Archive for the ‘United Kingdom’ Category

Can I use a personal bank account to pay for my business expenses?

Tuesday, August 3rd, 2010
bank account
jacobjohnfrance asked:

I have more than one personal bank account and I want to use one of them purely for business expenses, due to convenience. Can I do this without a problem? All my income will go into my business account, and the majority of my expenses. However 1-2 expenses will be through this personal account, solely used for business. Thanks in advance.

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What is the best bank to open a business banking account if you are contracting as a limited company?

Wednesday, March 3rd, 2010
bank account
MadgeLivesInMarbleArch asked:

I am contracting as a limited company in the financial services industry in London. Because of new regulations, anyone contracting as a limited company must now have a business bank account. Can anyone in a similar situation recommend/give advice as to the best bank to go with in this case?

I know nothing about business bank accounts, eg how long do they take to set up, what are (if any) the fundamental differences between a business bank account and a personal on etc.

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