{"id":28929,"date":"2005-10-13T16:23:06","date_gmt":"2005-10-13T09:23:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-legal-to-use-a-personal-bank-account-for-business\/"},"modified":"2016-10-07T19:02:20","modified_gmt":"2016-10-07T12:02:20","slug":"is-it-legal-to-use-a-personal-bank-account-for-business","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-legal-to-use-a-personal-bank-account-for-business\/","title":{"rendered":"Is it legal to use a personal bank account for business?"},"content":{"rendered":"


\nQ I have recently started my own, very small, bookkeeping business which I am working at on a part-time basis as my son has now started full-time education. At this stage I do not expect my turnover to exceed \u00a36,000 a year. I have registered with HM Revenue & Customs as a sole trader and have started paying the basic national insurance contributions directly from my personal bank account. I am aware that a business should have its own account so have opened a second current account for the bookkeeping company, to pay in cheques received and for any business purchases.I have just been told by another bookkeeper that it is a legal offence not to have a formal business account if you are running a business. Is it okay that I am running a separate, but personal current account for the business? If it is not a legal requirement for a small business to have a business account what are the benefits to having such an account? These seem to charge a fee for all transactions and don’t appear to have any extra benefits. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Is it legal to use a personal bank account for business?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Q I have recently started my own, very small, bookkeeping business which I am working...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-28929","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7wB","jetpack-related-posts":[{"id":47283,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-safe-to-pay-full-cash-amount-for-house-price-in-conveyancers-account\/","url_meta":{"origin":28929,"position":0},"title":"Is it safe to pay full cash amount for house price in conveyancer's account?","date":"March 9, 2017","format":false,"excerpt":"\r We are buying a home for \u00a3305,000 in cash and want to know if it would be better to pay directly to the seller\u2019s solicitorQ We are using a conveyancer to do our legal work when we buy a house for \u00a3305,000 in cash, but are concerned about the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70314,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/child-support-legal-loophole-is-closed\/","url_meta":{"origin":28929,"position":1},"title":"Child support legal loophole is closed","date":"October 29, 2017","format":false,"excerpt":"\r From early 2018, money held in joint account with new partner can be seized for maintenance paymentsParents will no longer be able to use a legal loophole to dodge paying child maintenance under new rules to be rolled out within months.Ministers are to overhaul laws that mean parents can\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wio-bank-unveils-first-uae-bank-account-for-content-creators\/","url_meta":{"origin":28929,"position":2},"title":"Wio Bank unveils first UAE bank account for content creators","date":"January 11, 2026","format":false,"excerpt":"\r Wio Bank unveils UAE bank account designed for content creators, offering digital, multi-currency tools to support global income growth The post Wio Bank unveils first UAE bank account for content creators appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.\r \r Source\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2026\/01\/Wio-Bank-UAE-content-creators-1-billion-followers-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":86427,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/renters-must-be-able-to-hold-private-landlords-to-account-roz-spencer\/","url_meta":{"origin":28929,"position":3},"title":"Renters must be able to hold private landlords to account | Roz Spencer","date":"April 25, 2018","format":false,"excerpt":"\r Turfing people out of their homes is cruel and often criminal, but most renters have no chance of legal support or protection Continue reading...\r \r Source : theguardian.com\r Read more...Renters must be able to hold private landlords to account | Roz Spencer","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2911,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-day-i-found-250000-in-my-bank-account\/","url_meta":{"origin":28929,"position":4},"title":"The day I found \u00a3250,000 in my bank account","date":"January 10, 2012","format":false,"excerpt":"\r Leo Benedictus woke up rich after an erroneous bank transfer - but could it last?You may struggle to believe this. 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