I have recently had a number of new clients who have gone to the bank and have signed up not only for a business bank account (which is good) but additional add on services.
For example a recent new client of mine has been paying a certain bank monthly, for the past 18 months, for a business document support service that he has never used, doesn't need or even understand.
A few hours later another new client informed me he had signed a 3 year deal with his bank for a credit card machine. Now he does use the machine and finds it a great asset to his business but I could have referred him to suppliers giving far better deals and on a much shorter contract.
It all got me thinking of all those monthly payments I have seen to banks for 'support' services which when I query with the transactions with my client they say they have no idea what it for.
So my advice is open a bank account with a bank but the talk to your TaxAssist Accountant to find out the best deals around for other services and check with them if you actually need such services.
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