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Previously on "Paying Hotel Bill Company or Self to Pay?"
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I've had a NatWest bank account for the 12 odd years I've been contracting.
I got a business credit card almost immediately. But, it's of the type where you pay the amount off in full every month. But, it does give you about 5 weeks interest free credit and it saves on the account charges.
I did, for years, have a credit limit of £3000 but they have, finally, in the last couple of months upped that to a wopping £5000 ....
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I am with Abbey for my company, and they have given me a card when I opened the account.
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Originally posted by Ardesco View PostFrom my experience Natwest are the biggest bunch of tossers around. I constantly laugh in derision when I see thier "another way" adverts...
Natwest are like NTL (Now Virgin I know). You leave BT because the service is tulipe and join NTL thinking it can't possibly get any worse. A year of hell later you go back to BT knowing just how much worse it can get....
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From my experience Natwest are the biggest bunch of tossers around. I constantly laugh in derision when I see thier "another way" adverts...
Natwest are like NTL (Now Virgin I know). You leave BT because the service is tulipe and join NTL thinking it can't possibly get any worse. A year of hell later you go back to BT knowing just how much worse it can get....
It all seems fine until you have a problem then you find out what they are really like
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Originally posted by SueEllen View PostOdd.
The Bank, HSBC, pushed one of me as soon as I opened my company bank account.
When I moved on from that bunch of lacklustre incompetents, I managed to get a company cash card but still refused a company credit card, BUT my wife can no longer be a signatory on the company cheques, despite being a Director (and me the Company Sec.).
I really don't know how they work these things out. Make them up, I suppose.
[ if you want to reply "NatWest have been OK for me" then don't because I'm not interested. Or, PM me and I'll send you 12 pages of woe that will make you switch accounts before the week is out. ]
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Originally posted by BrowneIssue View PostNote real reason for the post:
(Company credit card? IMyCo's only been active for 12 years and has never turned over more than £135k in a year so I've never managed to get one. Not that I want one, but that's not the point.)
The Bank, HSBC, pushed one of me as soon as I opened my company bank account.
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Note real reason for the reply:
Originally posted by BrowneIssue View Post(Company credit card? IMyCo's only been active for 12 years and has never turned over more than £135k in a year so I've never managed to get one. Not that I want one, but that's not the point.)
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Note real reason for the post:
Originally posted by Seahorse View PostStart a new contract tomorrow
Now onto the spurious question:
Originally posted by Seahorse View Postwhich means I have to stay in a hotel for a couple of nights a week.
Do I pay for the hotel with the Company credit card or my own?
(Company credit card? IMyCo's only been active for 12 years and has never turned over more than £135k in a year so I've never managed to get one. Not that I want one, but that's not the point.)
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Not really an expert myself, but the answer is either.
If you put it on the company card it comes out of the companies profits directly, and if you put it on your personal card it comes out of company profits as expenses.
Either way I don't think it makes much difference apart from the fact that you may be able to get cash back on your personal card which is not taxable.
I tend to put them on my personal card purely because I don't carry the company credit card with me (too dangerous to lose it).
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Paying Hotel Bill Company or Self to Pay?
Start a new contract tomorrow which means I have to stay in a hotel for a couple of nights a week.
I have my own company, and an accountant who does not seem to understand contracting (not that I am any wiser).
Do I pay for the hotel with the Company credit card or my own?
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