Good evening everyone,
I am writing this post regarding the most suitable type of bank account for a sole trader who
is running a small creative business (brand identities, logotypes, explainer videos etc.)
I had read on HMRC forums that is not obligatory for a sole trader to have a separate bank account for business operations. However, by doing so, we could significantly easier to manage in and outs connected with the company.
MY first thought was to open a different personal current account, but I heard on some forums that banks could even freeze the bank account if they will realise that it has too many monthly operations.
So then only Sole trader Account or Business account stay in a game. Which one will be the most suitable for such a company ?
Do you know any interesting deals wort to consider in 2020?
Currently, I have got a Barclays bank account.
Thank you very much for your time and consideration.
Peter
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