limited company - carter allen or barclays?

[Bozwell]

thanks guys, what do you think about having 2 accounts, one with CA just for the tax/vat I need to pay and the other with barclays which would be my main one where I don't have to worry about cutting into the tax mans money. Is this a good move or would it be better to just stick to 1 account or perhaps open a 2 accounts with Barclays and move the money in there at the end of each month?

I put my tax money into a business savings account (Aldermore) along with any other money I don't need to move around imminently as it is going to sit there for quite some time and I might as well make a bit of interest on it.

I think if you can't manage the company's money better than that you shouldn't be allowed to be a director.

Isn't the fact he is planning to keep his tax money separate a demonstration of good of money management?

[northernladuk]

Isn't the fact he is planning to keep his tax money separate a demonstration of good of money management?

Not really. Havingnto separate it because he can't manage it in a single place is like money managing for 10 year olds. He should be able to handle them in the same account. It's not rocket science.

[gables]

I went with the bank (RBS) I was already with personally, had a meeting with the fella there basically to confirm what they already knew, the account was setup in a couple of days iirc. To be honest it was so quick. The other advantage is transferring money, as the business balance decreases the personal balance increases

[Smartie]

Barclays have a very good mobile app.