Cash

[Flintstone]

No fees for anythng

 

[lmkitchens]

Using your personal account can be a PITA if you ever get investigated as they will want to know what every little transaction is.

I personally have a business account, I pay charges on cash paid in over £1000 only. I have a monthly bank fee, all charges go against your tax bill so why worry?

I keep mine separate and just pay my wages over weekly by direct debit, keeps things simple especially when doing book work.

 

[White Room]

If you have a business account and a current account does both accounts get checked by an accountant ?

 

[lmkitchens]

No because my current account is my personal account, only my wages go in there. Which are DD from my business account.

 

[White Room]

No because my current account is my personal account, only my wages go in there. Which are DD from my business account.

The reason I ask is I know plumber who pays to have both accounts pawed over by his accountant.

 

[John Benton]

My plumber just has one account with his and his wife's name and they both have access to it, they pay for shopping etc out of one account, no idea how long it takes to reconcile everything.

Business account for business and personal for myself, and I intend to keep it that way.

 

[lmkitchens]

You should only need to do that if your are a plumber AKA ropey as fu*k LOL

 

[mma]

Separate current account for business. No issues, no fees!

 

[Flintstone]

It's very simple for me using my current account, any more that goes in is money I have earnt, anything I want to claim for I have a receipt for.

 

[J Sid]

Same as

same as, same as