If you decide to work for yourself and begin trading as a sole trader, (self-employed) you will need to set up your accounts to record your income and expenses.

In order to do this you will need to be aware of tax, national insurance and other factors that will affect the records you need to keep as a sole trader.

To help you understand your duties and to get your book-keeping done painlessly, here’s the low-down on setting up your sole trader accounts. (more…)

One of the first things you will do when you set up a new business is to open a business bank account.

The easy thing to do is to use your personal bankers to act for your new business, but this isn’t necessarily the wisest move as there are significant differences between the services you will receive from the various high street banks.

Here’s some sound advice, together with some practical tips to help you get the most out of your bank, and choose the best business current account for your start-up, or small business. (more…)

Most individuals use the same bank for decades, if not for their lifetime. Many small businesses are the same, and stick with their high street bank even if they are missing out on far higher interest rates and lower bank charges which are available elsewhere.
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When you set up a business, one of your first tasks will be to choose a bank account. With many of the high street names offering ‘free business banking’, what does ‘free’ actually mean, and what else should you bear in mind when choosing a banking provider?
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If you’re starting out in business – either as a limited company, a sole trader or partnership, one of the first things you need to do is find the best business account for your needs. So what should you look out for when comparing business bank accounts?
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These days, virtually every business owner will expect to have access to internet banking for their business bank account.
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Selecting the right business bank account for the needs of your new business is one of the more enjoyable tasks of starting up!
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This article looks at some of the key things you should look out for when choosing a business bank account, based on the experiences of the Bytestart team.
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In this article, we look at the business banking options you have, depending on whether you are a sole trader (self employed), or operating via a limited company.
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