Barclays takes about a week for me.
Barclays takes about a week for me.
Natwest usually clear my Google cheques within a week or so (although longer for some others... but it hasn't been 3-4 weeks for some time).
Stepping On Wires - the new blog
Maybe because you have a business account? Mine are always consistently 4 weeks. Weird. I'm not bothered though. I don't care when I get the money, as long as it doesn't take like 4 months or somethingOriginally Posted by incka
I think my account could be a personal one... When I print a ministatement it's always on within 1 & 1/2 weeks...
If you're a Limited Company IIRC you should have a Limited Company specific account really, otherwise the taxman could deem you to be a soletrader
Could they do that? I would have thought that the decision as to what sort of an account would be entirely up to the director. I wouldn't wanna run a ltd company out of my personal bank account anyway.
No. Limited Company being a separate legal entity a personal account is not an asset of that company. Supposing liquidators were to walk in, and take a look at the situation. How would they decide what was company cash and what was personal cash?
A Limited Company is a separate legal entity to the director. If possibly not specifically illegal (I have not checked the companies act about that point) it is *certainly* HIGHLY irregular and could cause you a LOT of problems to mix and match personal with Company.
I reckon it might be illegal though, perhaps not by statute but by case-law.
A.
....regarding the tax thing and companies,
I had a friend who owned a large company and then got bored with it. To get out the tax, he made himself redundant, (tax free upto a certain amount £30,000, i think) and then closed the companty, capital gains at 10%.
....not that anyones looking at closing their companies, but interesting anyway.
It takes a clever accountant to find loop holes like this! But nothing is impossible!
Interesting strategy.
I've been asked before whether as an employer with employers liability insurance, I could fire myself then sue my own company for unfair dismissal.
I think the phrase taking the p.... might apply here though
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