Advice re business account?

truescot

Looking for a bit of advice. Wife currently works 15-20 hours a week as a self employed alternative therapist. Has done this for past 3 years due to young family but we are looking to rationalise the banking side of things. Up to now she has just banked using her own current account but would like a business account to keep things seperate. She currently has a turnover of about 10k. Does Tax return herself.

What are the things to consider and what would be the best thing to do? Her bank have been next to useless in terms of advice.

tiddly_widdly

I am both self employed and employed so I run 2 accounts. A personal current accountfor any work that has had tax deducted at source and an Abbey Business Account for my self employed work. The ABBEY account is charge free so you can put in up to £4000 per month without incurring any charges. You do have to post them cheques though. You can use the deposit machines in branches to put cash and cheques into but you cant use the counter service. It works great for me though. When you have a relatively small turnover the last thing you want are bank charges for cheques and cash in and out.