‘checking account’ Tagged Posts

Question about sole proprietorship checking accounts?

I have a website that I make a substantial amount of income from, and I know that for tax purposes it's easier to prove business deductions if you hav...

 

I have a website that I make a substantial amount of income from, and I know that for tax purposes it’s easier to prove business deductions if you have one account for personal expenses and one just for business expenses.

My question is, does that second checking account need to be in the business’ name (establishing a dba/trade name) or can both accounts be in my name?

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