Signs Your Side Hustle Demands a Separate Business Bank Account

It’s more than a hobby

One of the biggest indicators you need to separate your finances is when your side gig becomes more than just a hobby.

You want to protect yourself in an audit

One of the biggest benefits of opening a separate business account is the protection it can give you in case of a tax audit.

Filing taxes would benefit from streamlining

A business account helps to streamline things

You want to earn rewards for business expenses

A business credit card can help you snag discounts and rewards that you wouldn’t otherwise get with a personal credit card

Accept debit and credit card transactions

More and more people are solely using debit or credit cards to purchase items, rather than cash or check. As of 2021

You want to look more professional

Having a separate bank account with checks specifically designed for your business creates a more polished and professional image

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