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 Post subject: Bank Account?
PostPosted: Wed Mar 22, 2006 2:25 pm 
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Joined: Mon Mar 13, 2006 11:34 am
Posts: 5
Location: Aberdeen
Advise please!!.............I am about to commence work as a PH taxi driver, can anyone please advise whether i need to open a business bank account or can i simply open another current account? Any advice would be greatly appreciated.


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 Post subject:
PostPosted: Wed Mar 22, 2006 3:17 pm 
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Joined: Sat Sep 25, 2004 4:31 pm
Posts: 1409
Location: Grim North, Carrot Crunchers and Codhead Country, North of Watford Gap
I just use me private bank account for standing orders, ie vehicle finance, union fees, odd council fees, and direct debits etc, the only time I use a cheque is when insurance renewal comes round 4 times a year,


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 Post subject:
PostPosted: Wed Mar 22, 2006 3:21 pm 
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Joined: Sun Nov 14, 2004 9:17 am
Posts: 598
Location: West Yorkshire
Keep it seperate open another a/c for business and draw a wage each week


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 Post subject:
PostPosted: Wed Mar 22, 2006 6:18 pm 
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Joined: Mon Mar 13, 2006 11:34 am
Posts: 5
Location: Aberdeen
I appreciate that I would be better with another account, but does this meed to be a business account?


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 Post subject:
PostPosted: Thu Mar 23, 2006 2:23 am 
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Joined: Tue Feb 14, 2006 3:01 am
Posts: 147
Location: FifeCentral
dandydon wrote:
I appreciate that I would be better with another account, but does this meed to be a business account?


i would say no it does not need to be a "business" account but it is best to have a seperate account from your personal(ie mortgage, council tax, gas/leccy etc) one. One for your business, one for your personal stuff. I ran for the first couple of years with just a seperate curret account and hector didnt question this when i was raped.......i mean investigated :cry: as all the bank statements were availible to them


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 Post subject: banks
PostPosted: Thu Mar 23, 2006 8:58 am 
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Joined: Sun Jan 15, 2006 3:54 pm
Posts: 60
i have been using an ordinary current account but just latley been getting more accounts and they want to pay a business name so will have to open a b. account, searched around and have gone for the ABBEY it is free for ever you can pay in 100 chq's amonth and £3000 cash if you feel the need.


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 Post subject:
PostPosted: Thu Mar 23, 2006 2:45 pm 
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Joined: Fri Aug 05, 2005 8:26 pm
Posts: 850
Location: jock HQ
i have a business account that i pay takings in to and all my bills for the running of the motor etc and have a D/D set up to pay myself a weekly wage in to my joint account that the wife can use and when you set up a buisness account its usualy free banking for the first year.

always best to keep work and personal accounts seprerate as makes thing easy to keep trak off and also keeps the wife from speanding to much :D :lol: :lol: :lol: :lol: :lol: :lol: :lol:

another good one is to pay your fuel and any other costs with a VISA card and pay it of each month.


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