Signs Your Side Hustle Demands a Separate Business Bank Account

It’s more than a hobby

[{"selector":"#anim-e22d06b8-0f85-4d25-89ee-3d44233cd549","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-af3b07e8-99a9-4664-8abf-d0e7c7c8a72e","keyframes":{"transform":["translate3d(0px, 145.57101%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 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

[{"selector":"#anim-306480cc-966f-411a-8b09-62f095fe4cdc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5f3643eb-a69d-4562-a739-623c681c00c9","keyframes":{"transform":["translate3d(0px, 154.51310%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 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

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You want to earn rewards for business expenses

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Accept debit and credit card transactions

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You want to look more professional

[{"selector":"#anim-72fbdb88-59dc-4bbe-a391-ec2652bbfc46","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e541bc16-8051-463f-b2c1-7ac3812eea50","keyframes":{"transform":["translate3d(0px, 145.86101%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Having a separate bank account with checks specifically designed for your business creates a more polished and professional image