Why Every Sole Trader Should Consider a Business Bank Account

Benefits of Separating Business and Personal Finances (And Why We Recommend Revolut)

Running a business as a sole trader often means juggling everything – from winning new clients to staying on the right side of HMRC. Amid the chaos, one of the best financial decisions you can make is opening a dedicated business bank account.

While it’s not a legal requirement, at SBX Accountants, we believe separating personal and business finances is a total game-changer — and it’s something we recommend to all our sole trader clients.

Why You Should Make the Switch

Still wondering if it’s worth separating your personal and business finances? Here’s why a dedicated business account is a smart move:

• Cleaner bookkeeping – No more sifting through personal statements to find work expenses.
• Tax efficiency – Properly categorised transactions = fewer errors, smoother year-end.
• Professionalism – Clients take you more seriously, and it boosts your brand image.

Our Top Pick: Revolut Business

There are many options available, but for most sole traders, Revolut Business offers the best balance of speed, features, and value.

✅ Quick, Easy Setup
Open an account fully online in minutes—no paperwork or branch appointments required.

✅ Transparent Pricing
Choose from free or affordable monthly plans. No hidden fees or confusing tariffs.

✅ Powerful Mobile App
Manage your business finances on the go with real-time alerts, budgeting tools, and in-app invoicing.

Seamless Integration with QuickBooks

Revolut links directly with QuickBooks – which we provide to our clients at no extra cost. Together, they offer:

• Automatic syncing of bank transactions
• Streamlined expense tracking
• Faster, easier year-end reporting
• Real-time financial insight

Always Ready for Tax Season

Using QuickBooks + Revolut helps you:

• Estimate tax liabilities as you go
• Keep expenses categorised all year round
• Stay compliant with Making Tax Digital for Income Tax ahead of the 2026 rollout

Built-in Security Features

Revolut keeps your money and data safe with:

• Biometric login
• Instant freeze/unfreeze options for cards
• Industry-leading digital security

The SBX Advantage: Simple, Stress-Free Finances

With SBX Accountants, you get:

✅ Help setting up Revolut Business
✅ Free QuickBooks subscription
✅ Unlimited support from your own accountant

This combination helps you:

• Save time on bookkeeping
• Stay compliant with HMRC
• Make smarter financial decisions
• Be fully ready for tax changes

Want to Simplify Your Finances?

If you’re a sole trader ready for modern, streamlined business banking, we’re here to help.

📞 Request a callback today and we’ll walk you through setting up Revolut Business and how we can support you year-round with tax, bookkeeping, and expert advice.